( homework)

Organize the following information onto an Income Statement and a Balance Sheet and calculate: 1) EBIT, 2) EBT, 3) Net Income, 4) Current Assets, 5) Total Assets, 6) Current Liabilities, 7) Total Liabilities, 8) Shareholders' Equity, and 9) Net Working Capital. Cash=$200 Depreciation =$800 Notes Payable =$1,050 Sales =$9,500 Accounts Payable =$750 Net Plant \& Equip =$16,000 Accounts Receivable =$800 LT Bonds =$12,200 Interest Expense =$900 Inventory =$1,000 Operating Expenses =$6,500 Tax Rate =40% Then, answer the following five questions. Using the information provided, calculate the Earnings Before Interest and Taxes (EBIT). $3,000 $2.400 $2,200 $1,300 None of the above