Question
Please build an income statement and balance sheet with these numbers. Sales, $1,000,000, Cost of goods sold, 600,000, other expenses, 100,000, earnings before interest and
Please build an income statement and balance sheet with these numbers.
Sales, $1,000,000, Cost of goods sold, 600,000, other expenses, 100,000, earnings before interest and taxes, 300,000, interest expenses, 80,000, earnings before taxes, 220,000, taxes, 100,000 net earnings, 120,000, number of shares outstanding 100,000, earnings per share? Cash 50,000, accounts receivables 250,000, raw materials 100,000, finished goods 200,000, total inventories 300,000, total current assets 600,000, plant and equipment 400,000, accounts payable 200,000, other current liabilities 50,000, total current liabilities 250,000, long tern debt 300,000, total liabilities and owners equity 1,000.000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started