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I have entered this one a lot of times and it is always wrong on here, please take your time I am desperate!!! Using the
I have entered this one a lot of times and it is always wrong on here, please take your time I am desperate!!!
Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Prior Year Current Year Revenue $4,000 14562 Cost of Good Sold 1,600 1,916 Depreciation 1500 534 Inventory 300 339 SG&A 1500 531 Interest Expenses 150 180 Common Stock and 2,200 2,200 Paid-in Capital Federal and State 1400 Taxes (35% of EBT) Accounts Payable 300 328 Accounts Receivable 400 1447 Net Fixed Assets 15,000 5140 Retained Earnings (Balance Sheet) 1,000 Long-Term Debt 2,000 2693 Notes Payable 1,000 1908 Dividends Paid 410 410 Cash 1800 Income Statement Questions: What is SinCo's EBITDA for the current year? What is SinCo's EBIT for the current year? What is SinCo's Net Income for the current year? Balance Sheet Questions: What is SinCo's current year's Retained Earnings What is the current year's Total Liabilities and Shareholders Equity What is SinCo's current year's Total Assets What is SinCo's current year's Cash Balance What is SinCo's current year's Total Current AssetsStep by Step Solution
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