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Please help with this problem and all sub parts and show all work thank you (30 Points) Problem 3 (Chapter 2, Financial Cash Flow). Consider
Please help with this problem and all sub parts and show all work thank you
(30 Points) Problem 3 (Chapter 2, Financial Cash Flow). Consider the following summary financial statements for Yosemite Enterprises: Yosemite Enterprises 2016 and 2017 Partial Balance Sheets Assets 2016 2017 $1,500 $3000 15,000 Liabilities and Owners' Equity 2016 2017 S750 $1,500 7,500 Current Liab.s Current assets Net fixed assets Long Term Debt 6,000 Owners Equity Total Debt&Equity 18,000 Total Assets 16,500 21,000 Yosemite Enterprises 2017 Income Statement Sales Costs Depreciation1.500 EBIT Interest Paid EBT Taxes (40 percent) 1.800 Net Income Dividends 1,080 $15,000 7,500 6,000 1500 4,500 2,700 a. What is owners' equity (OE) for 2016? x. $8,250 ii. $9,750 iii. $11,250 iv. $6,750 v. Another number: a. What is owners' equity (OE) for 2017? i. $7,500 ii. $9,000 vi. $10,500 vii. $12,000 viii. Another number Step by Step Solution
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