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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.

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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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