Question
Please complete the following balance sheet and income statement (from (a) to (p)). Please explain how you reached each item you filled in. Balance Sheet
- Please complete the following balance sheet and income statement (from (a) to (p)). Please explain how you reached each item you filled in.
Balance Sheet (in thousand EUR)
Assets | 2018 | 2019 | Liabilities and shareholders equity | 2018 | 2019 |
Current assets Cash Marketable securities Inventory Accounts receivable Total current assets |
8 0 52 50 (b) |
(a) 10 50 60 (c) | Current liabilities Bank loans Accounts payable Total current liabilities |
10 40 (h) |
0 54 (i) |
Fixed assets Gross investment Less depreciation Net fixed assets |
112 32 (d) |
140 40 (e) | Long-term debt Net worth (equity and retained earnings) | 10 130 | 24 (j)
|
Total Assets | (f) | (g) | Total liabilities and owners equity | (k) | (l) |
Income Statement (2019, in thousand EUR)
Sales Operating costs Depreciation | 700 642 8 | EBIT Interest Pre-tax income Tax (50%) Net Income | (m) 2 (n) (o) (p) |
Note: Dividend = 2
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