Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Income statement Year1 Year2 Revenue 256,930.00 411,088.00 Operating expense 218,391.00 328,870.00 interest expense 6,400.00 6,400.00 depreciation expense 15,000.00 22,000.00 taxes 3,428.00 10,764.00 net income 13,712.00
Income statement Year1 Year2 Revenue 256,930.00 411,088.00 Operating expense 218,391.00 328,870.00 interest expense 6,400.00 6,400.00 depreciation expense 15,000.00 22,000.00 taxes 3,428.00 10,764.00 net income 13,712.00 43,054.00 Balance sheet Asset year1 year2 cash 3,754.00 5,744.00 account receivables 21,118.00 45,051.00 inventory 25,693.00 53,441.00 gross property plant and equipment 200,000.00 232,000.00 accumulated depreciation (50,000.00) (57,000.00) net property plant and equipment 150,000.00 175,000.00 total assets 200,565.00 279,236.00 liabilities year1 year2 account payable 5,139.00 10,688.00 income tax payable 1,714.00 4,982.00 short term bank loan 30,000.00 30,000.00 long term bank loan 50,000.00 100,000.00 shareholder equity year1 year2 common stock 100,000.00 80,000.00 retain earnings 13,712.00 53,566.00 total liabilities and shareholder equity 200,564.00 279,236.00 waht is operating casfh flow
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started