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Income Statement For the Year Net sales $631,000 COGS 442,220 Depreciation 28,100 EBIT $160,700 Interest 14,900 Taxable income $145,800 Taxes 49,600 Net income $96,200 Balance
| Income Statement | |
| For the Year | |
| Net sales | $631,000 |
| COGS | 442,220 |
| Depreciation | 28,100 |
| EBIT | $160,700 |
| Interest | 14,900 |
| Taxable income | $145,800 |
| Taxes | 49,600 |
| Net income | $96,200 |
| Balance Sheet | ||
| Beginning of Year | End of Year | |
| Cash | $ 38,200 | $43,700 |
| Accounts receivable | 91,400 | 86,150 |
| Inventory | 203,900 | 214,600 |
| Net fixed assets | 516,100 | 537,950 |
| Total assets | $849,600 | $882,400 |
| Accounts payable | $136,100 | $104,300 |
| Long-term debt | 329,500 | 298,200 |
| Common stock ($1 par value) | 75,000 | 82,000 |
| Retained earnings | 309,000 | 397,900 |
| Total Liab. & Equity | $849,600 | $882,400 |
| What is the equity multiplier at year-end? |
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Health Care Finance Economics And Policy For Nurses
Authors: Betty Rambur
2nd Edition
0826152538, 978-0826152534
