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Please calculate net income less dividends and dividend and show work. Thanks If you can answer this question or what information is needed? Balance Sheet
Please calculate net income less dividends and dividend and show work. Thanks
If you can answer this question or what information is needed?
Balance Sheet 2018 2017 Cash Accounts Receivable Net Inventory Prepaid Expenses Total Current Assets $185,000 80,000 104,000 11,900 $380,900 $143,000 59,000 134,000 5,880 $341,880 Property & Equipment Net Total Assets 514,500 895,400 407,000 748,880 Accounts Payable Current Portion Long-term Debt Long-term Debt Total Liabilities 42,000 85,300 242,000 369,300 35,000 96,800 189,000 320,800 Contributed Capital Retained Earnings Total Shareholders' Equity 299,000 227,100 526,100 299,000 129,080 428,080 Total Liabilities & Equity 895,400 748,880 Income Statement Net Sales Cost of Goods Sold Gross Profit $3,031,000 1,949,000 1,082,000 Operating Expenses Operating Income (EBITDA) 850,700 231,300 Depreciation Expense EBIT 40,700 190,600 Interest Expense Income Before Taxes 14,500 176,100 Income Tax Expense Net Income Dividends Net Income less Dividends 47,000 129,100Step by Step Solution
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