Please show calculation

H M Next Technologies: December 31 Balance Sheets (,000) Assets 2016 2015 Cash and cash equivalents $21,000 $20,000 Short-term investments 3,759 3,240 Accounts Receivable 55,500 48,000 Inventories 84.000 56,000 Total current assets $164,259 $127,240 Net fixed assets 221,400 200.000 Total assets $385.659 $327.240 NO Next Technologies December 31 Income Statements (,000 2016 2015 Sales $430,000 $401,000 COGS except excluding depr. and amort. 300,000 298,000 Depreciation and Amortization 19,660 18,000 Other operating expenses 27.600 22.000 EBIT $82,740 $63,000 Interest Expense 5,740 4.470 EBT $77,000 $58,530 Taxes (40%) 30.800 23.412 Net Income $46,200 $35.118 Common dividends Addition to retained earnings $18,125 $28,075 $17,262 $17,856 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained Earnings Total common equity Total liabilities and equity $33,600 $32,000 12,600 12,000 19.929 6,480 $66,129 $50,480 67,662 58,320 $133,791 $108,800 183,793 178,440 68.075 40.000 $251.868 $218.440 $385.659 $327.240 Other Data Year-end Stock Price # of shares (Thousands) Lease payment (Thousands of Dollars) Sinking fund payment (Thousands of Dollar 2016 $90.00 4,052 $20,000 $5,000 2015 $96.00 4,000 $20,000 $5,000 M P N 2016 O 2015 2016 2015 F Common Size Balance Sheets Assets Cash and cash equivalents Short-term investments Accounts Receivable Inventories Total current assets Net fixed assets Total assets K L Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained Earnings Total common equity Total liabilities and equity 2016 2015 Answer: Common Size Income Statements Sales COGS except excluding depr. and amort. Depreciation and Amortization Other operating expenses EBIT Interest Expense EBT Taxes (40%) Net Income H M Next Technologies: December 31 Balance Sheets (,000) Assets 2016 2015 Cash and cash equivalents $21,000 $20,000 Short-term investments 3,759 3,240 Accounts Receivable 55,500 48,000 Inventories 84.000 56,000 Total current assets $164,259 $127,240 Net fixed assets 221,400 200.000 Total assets $385.659 $327.240 NO Next Technologies December 31 Income Statements (,000 2016 2015 Sales $430,000 $401,000 COGS except excluding depr. and amort. 300,000 298,000 Depreciation and Amortization 19,660 18,000 Other operating expenses 27.600 22.000 EBIT $82,740 $63,000 Interest Expense 5,740 4.470 EBT $77,000 $58,530 Taxes (40%) 30.800 23.412 Net Income $46,200 $35.118 Common dividends Addition to retained earnings $18,125 $28,075 $17,262 $17,856 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained Earnings Total common equity Total liabilities and equity $33,600 $32,000 12,600 12,000 19.929 6,480 $66,129 $50,480 67,662 58,320 $133,791 $108,800 183,793 178,440 68.075 40.000 $251.868 $218.440 $385.659 $327.240 Other Data Year-end Stock Price # of shares (Thousands) Lease payment (Thousands of Dollars) Sinking fund payment (Thousands of Dollar 2016 $90.00 4,052 $20,000 $5,000 2015 $96.00 4,000 $20,000 $5,000 M P N 2016 O 2015 2016 2015 F Common Size Balance Sheets Assets Cash and cash equivalents Short-term investments Accounts Receivable Inventories Total current assets Net fixed assets Total assets K L Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained Earnings Total common equity Total liabilities and equity 2016 2015 Answer: Common Size Income Statements Sales COGS except excluding depr. and amort. Depreciation and Amortization Other operating expenses EBIT Interest Expense EBT Taxes (40%) Net Income