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Please help ASAP Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the
Please help ASAP
Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) \begin{tabular}{|l|l|l|} \hline & jucpieciauui & jLL \\ \hline Inventory & 300 & 349 \\ \hline SG\&A & 500 & 535 \\ \hline Interest Expenses & 150 & 160 \\ \hline Common Stock and Paid-in Capital & 2,200 & 2,200 \\ \hline Federal and State Taxes (35\% of EBT) & 400 & \\ \hline Accounts Payable & 300 & 353 \\ \hline Accounts Receivable & 400 & 435 \\ \hline Net Fixed Assets & 5,000 & 5282 \\ \hline Retained Earnings (Balance Sheet) & 1,000 & \\ \hline Long-Term Debt & 2,000 & 2347 \\ \hline Notes Payable & 1,000 & 860 \\ \hline Dividends Paid & 410 & 410 \\ \hline Cash & 800 & \\ \hline \end{tabular} Income Statement Questions: \begin{tabular}{|l|l|} \hline What is SinCo's EBITDA for the current \\ year? & \\ \hline What is SinCo's EBIT for the current year? & \\ \hline What is SinCo's Net Income for the current year? & \\ \hline \end{tabular} Balance Sheet Questions: \begin{tabular}{|l|l|} \hline What is SinCo's current year's Retained Earnings & \\ \hline What is the current year's Total Liabilities and & \\ \hline Shareholders Equity \\ \hline What is SinCo's current year's Total Assets & \\ \hline What is SinCo's current year's Cash Balance & \\ \hline What is SinCo's current year's Total Current Assets & \\ \hline \end{tabular} Step by Step Solution
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