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Part 2: Financial Statements Review (35 marks) 1. Build the Statement of Comprehensive Income and Statement of Financial Position for CanDo Inc. based on the
Part 2: Financial Statements Review (35 marks) 1. Build the Statement of Comprehensive Income and Statement of Financial Position for CanDo Inc. based on the information given below, as of December 31, 2019. Round all numbers to the nearest integer. Statement of Comprehensive Income Statement of Financial Position (12 marks) (14 marks) Accounts payable Accounts receivable Cash and cash equivalents COGS Common stock Depreciation Dividend payout ratio Interest paid Inventory Long-term debt Net fixed assets Sales Short-term debt Tax rate Number of shares Price per share $117,000 $174,000 $134,000 $362,400 $1,090,000 $42,000 40% $38,000 $144,000 $1,856,000 $2,893,000 $459,000 $112,000 31% 1,000,000 $0.15 Obtain the following values from the Statement of Comprehensive Income and Statement of Financial Position: (9 marks) a. Total current assets b. Total current liabilities c. Net working capital d. Retained earnings (from Statement of Financial Position) e. Total owners' equity f. Total assets g. Earnings before depreciation, interest, and taxes (EBDIT) h. Earnings before interest and taxes (EBIT) i. Addition to retained earnings
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