Question
Please complete the following balance sheet and income statement (from (a) to (l)). Please explain how you reached each item you filled in. Balance Sheet
Please complete the following balance sheet and income statement (from (a) to (l)). Please explain how you reached each item you filled in.
Balance Sheet (in million EUR)
Assets | 2018 | 2019 | Liabilities and shareholders equity | 2018 | 2019 |
Current assets Cash Marketable securities Inventory Accounts receivable Total current assets |
(a) 0 39 37.5 (b) |
7.5 7.5 37.5 45 97.5 | Current liabilities Bank loans Accounts payable Total current liabilities |
7.5 30 (e) |
0 40.5 40.5 |
Fixed assets Gross investment Less depreciation Net fixed assets |
84 24 (c) |
105 30 75 | Long-term debt Net worth (equity and retained earnings) | 7.5 (f) | 18 114
|
Total Assets | (d) | 172.5 | Total liabilities and owners equity | (g) | 172.5 |
Income Statement (2019, in million EUR)
Sales Operating costs Depreciation | 525 481.5 (h) | EBIT Interest Pre-tax income Tax (50%) Net Income | (i) 1.5 (j) (k) (l) |
Note: Dividend = 1.5
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