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Part III. Computational Questions. 10 points each. Without supporting details and explanations, you will get only partial points. 1. UNO Bookstore's 2018 and 2017 balance

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Part III. Computational Questions. 10 points each. Without supporting details and explanations, you will get only partial points. 1. UNO Bookstore's 2018 and 2017 balance sheets (in thousands of dollars) are shown. UNO Bookstore December 31 Balance Sheets (in thousands of dollars) 2018 2017 Assets Cash 102.850 $ 89.725 Accounts receivable 103.365 85,527 Inventories 38.444 34,982 Total current assets 244,659 $ 210,234 Net fixed assets 67,165 42,436 Total assets $ 311.824 s 252,670 $ $ Liabilities and equity Accounts payable 30,761 S 23.109 Accruals 30.477 22.656 Notes payable 16.717 14,217 Total current liabilities 77.955 s 59,982 Long-term debt 76.264 63.914 Total liabilities $ 154.219 $ 123,896 Common stock 100,000 90,000 Retained earnings 57.605 38,774 Total common equity $ 157,605 $ 128,774 Total liabilities and equity $ 311,824 $ 252,670 Sales for 2017 were $910,621.16. Cost of goods sold (COGS) was 17% of sales, and Selling, General, and Administrative (SG&A) expenses were $123,456. Furthermore, depreciation and amortization were 127% of net fixed assets, interest was $178,887. The corporate tax rate was 28%. Given this information, construct the UNO Bookstore's 2017 Income statement. UNO Bookstore Income Statement (in thousands of dollars) 2017 Sales Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Depreciation and amortization EBIT Interest expense EBT Taxes Net Income

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