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Ignore the $ and % or any special characters. Round to 2 decimal points (but none for the table). A. Fill in all empty boxes
Ignore the $ and % or any special characters. Round to 2 decimal points (but none for the table). A. Fill in all empty boxes of the simplified balance sheet and income statement (10 points) Smil 1998 $ mil 1998 Balance Sheet ASSETS Current assets Cash Account receivables Inventory Total current assets Liabilities and Equities Current liabilities Accounts payable Notes payable Total current liabilities 300 300 600 200 700 Long-term liabilities Long-term debt Income Statement Smil 1998 Sales/ Revenues 3700 Cost of goods sold (COGS) 500 Administrative expenses (SG&A) 800 Depreciation Earnings before interest and taxes 1782 Interest expenses Taxable income (EBT) 1742 Taxes Net income (NI) 1246 Dividends 755 Addition to retained earnings Other Market Information Number of shares outstanding (in millions) 500 Price per share ($) 6.86 1000 Fixed assets Property, plant and equipment 1800 Less accumulated depreciation Net fixed assets Owners' Equity Common stocks par) 500 Capital surplus 500 Retained earnings Total owner's equity 1100 Total liab. and owner's equity Total assets 2800
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