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I'm looking' for answers, formulas and explanations for the following: total assets 2013 dividends depreciations income taxes EOY inventory's (Ratio Computations and Additional Analysis) Bradburn
I'm looking' for answers, formulas and explanations for the following:
total assets 2013
dividends
depreciations
income taxes
EOY inventory's
(Ratio Computations and Additional Analysis) Bradburn Corporation was formed 5 years ago through a public subscription of common stock. Daniel Brown, who owns 15% of the common stock, was one of the organizers of Bradburn and is its current president. The company has been successful, but it currently is experiencing a shortage of funds. On June 10,2014 Daniel Brown approached the Topeka National Bank, asking for a 24-month extension on two June 30,2015, and September 30, 2015. Another note of $6,000 is due on March 31, 2016, but he expects no difficulty in paying this note on its due date. Brown explained that Bradburn's cash flow problems are due primarily to the company's desire to finance a $300,000 plant expansion over the next 2 fiscal years through internally generated funds. The commercial loan officer of Topeka National Bank requested financial reports for the last 2 fiscal years. BRADBURN CORPORATION Statement of Financial Position March 31 \begin{tabular}{l|r|r|} \hline Assets & \multicolumn{1}{|c|}{2015} & \multicolumn{1}{|c|}{2014} \\ \hline Cash & $18,200 & $12,500 \\ \hline Notes receivable & 148,000 & 132,000 \\ \hline Accounts receivable (net) & 131,800 & 125,500 \\ \hline Inventories (at cost) & 105,000 & 50,000 \\ \hline Plant \& equipment (net of depreciation) & 1,449,000 & 1,420,500 \\ \hline Total assets & $1,852,000 & $1,740,500 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline Accounts payable & $79,000 & $91,000 \\ \hline Notes payable & 76,000 & 61,500 \\ \hline Accrued liabilities & 9,000 & 6,000 \\ \hline Common stock (130,000 shares, $10 par ) & 1,300,000 & 1,300,000 \\ \hline Retained earnings a & 388,000 & 282,000 \\ \hline Total liabilities and stockholders' equity & $1,852,000 & $1,740,500 \\ \hline \end{tabular} a Cash dividends were paid at the rate of $1 per share in fiscal year 2014 and \$2 per share in fiscal year 2015. BRADBURN CORPORATION Income Statement For The Fiscal Year Ended March 31 \begin{tabular}{|c|c|c|c|} \hline & & 2015 & 2014 \\ \hline Sales & & $3,000,000 & $2,700,000 \\ \hline Cost of goods sold & & 1,530,000 & 1,425,000 \\ \hline Gross margin & & 1,470,000 & 1,275,000 \\ \hline Operating expenses & & 860,000 & 780,000 \\ \hline Income before income taxes & & 610,000 & 495,000 \\ \hline Income taxes & & 244,000 & 198,000 \\ \hline Net income after income taxes & & $366,000 & $297,000 \\ \hline Depreciation charges on the plant and equipment of & $100,000 & and & $102,500 \\ \hline \end{tabular} Fill in the provided matrix and utilize it as the matrix for "VLOOKUP" formulas within the cells belowStep by Step Solution
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