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Laiho Industries: Balance Sheets as of December 3 1 ( thousands of dollars ) | | 2 0 2 1 | 2 0 2 0
Laiho Industries: Balance Sheets as of December thousands of dollars Cash $ $ Accounts receivable $ $ Inventories $ $ Total current assets $ $ Net fixed assets $ $ Total assets $ $ Accounts payable $ $ Accruals $ $ Notes payable $ $ Total current liabilities $ $ Longterm debt $ $ Total liabilities $ $ Common stock $ $ Retained earnings $ $ Total common equity $ $ Total liabilities and equity $ $Sales for were $ and EBITDA was of sales. Furthermore, depreciation and amortization were of net fixed assets, interest was $ the corporate tax rate was and Laiho pays of its net income as dividends. Given this information, construct the firm's income statement.Laiho Industries: Income Statement for Year Ending December thousands of dollars Sales $ Operating costs excluding depreciation and amortization EBITDA $ Depreciation and amortization EBIT $ Interest EBT $ Taxes Net income $ Common dividends $ Addition to retained earnings $Construct the statement of stockholders' equity for the year ending December and the statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year.Laiho Industries: Statement of Stockholders' Equity, December thousands of dollars Common Stock Retained Earnings Total Stockholders' Equity Balances, December $ $ $ Common stock issue Net income $ Cash dividends $ Addition to retained earnings $ Balances, December $ $ $Laiho Industries: Statement of Cash Flows for thousands of dollars Operating Activities Net income $ Depreciation and amortization Increase in accounts payable Increase in accruals Increase in accounts receivable Increase in inventories Net cash provided by operating activities $ Investing Activities Additions to property, plant, and equipment $ Net cash used in investing activities $
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Laiho Industries: Balance Sheets as of December thousands of dollars Cash $ $ Accounts receivable $ $ Inventories $ $ Total current assets $ $ Net fixed assets $ $ Total assets $ $ Accounts payable $ $ Accruals $ $ Notes payable $ $ Total current liabilities $ $ Longterm debt $ $ Total liabilities $ $ Common stock $ $ Retained earnings $ $ Total common equity $ $ Total liabilities and equity $ $Sales for were $ and EBITDA was of sales. Furthermore, depreciation and amortization were of net fixed assets, interest was $ the corporate tax rate was and Laiho pays of its net income as dividends. Given this information, construct the firm's income statement.Laiho Industries: Income Statement for Year Ending December thousands of dollars Sales $ Operating costs excluding depreciation and amortization EBITDA $ Depreciation and amortization EBIT $ Interest EBT $ Taxes Net income $ Common dividends $ Addition to retained earnings $Construct the statement of stockholders' equity for the year ending December and the statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year.Laiho Industries: Statement of Stockholders' Equity, December thousands of dollars Common Stock Retained Earnings Total Stockholders' Equity Balances, December $ $ $ Common stock issue Net income $ Cash dividends $ Addition to retained earnings $ Balances, December $ $ $Laiho Industries: Statement of Cash Flows for thousands of dollars Operating Activities Net income $ Depreciation and amortization Increase in accounts payable Increase in accruals Increase in accounts receivable Increase in inventories Net cash provided by operating activities $ Investing Activities Additions to property, plant, and equipment $ Net cash used in investing activities $
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