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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

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. Then, use your calculations to answer Questions 1-7.
Cash =$100
Depreciation =$500
Notes Payable =$600
Sales =$5,000
Accounts Payable =$300
Net Plant & Equip =$9000
Accounts Receivable =$400
LT Bonds =$7,100
Interest Expen'se =$500
Inventory =$500
Operating Expenses =$3000 Tax Rate =40%
Using the data provided, calculate Owners' Equity.
$2000
$4000
$10,000
$16,200
None of the above.
Question 7(2 points)
Using the data provided, calculate Net Working Capital.
$100
$1900
$2000
$5100
None of the above.
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