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Organize the following information onto an Income Statement and a Balance Sheet and calculate: 1) EBIT, 2) EBT, 3) Net Income, 4) Current Assets, 5)
Organize the following information onto an Income Statement and a Balance Sheet and calculate: 1) EBIT, 2) EBT, 3) Net Income, 4) Current Assets, 5) Total Assets, 6) Current Liabilities, 7) Total Liabilities, 8) Shareholders Equity, and 9) Working Capital.
I need help solving this assignment please.
Cash = $100 | Net Plant & Equip = $9000 |
Depreciation = $500 | Accounts Receivable = $400 |
Notes Payable = $600 | LT Bonds = $7,100 |
Sales = $5,000 | Interest Expense = $500 |
Accounts Payable = $300 | Inventory = $500 |
Operating Expenses = $3000 | Tax Rate = 40% |
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