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pretty long question Check my w Assets 20 Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less:

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Check my w Assets 20 Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: 5 $ 5 Accrued wages and taxes 19 Accounts payable 36 29 Notes payable $ 61 $ 53 Total Long-term debt: $ 106 $ 88 Stockholdersequity: 15 11 Preferred stock (2 million shares) $ 91 $ 77 Common stock and paid-in-surplus (5 million shares) 15 15 Retained earnings $ 106 $ 92 Total 3 11 Total assets $ 167 $ 145 Total liabilities and equity LLLLLLLL UL UU110 7 2018 2017 $ 5 $ 10 16 15 14 13 3. Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: Stockholders' equity: Preferred stock (2 million shares) Common stock and paid-in-surplus (5 million shares) Retained earnings Total $ 40 $ 57 $ 34 $ 53 3 $ 2 $ 2 1 11 57 45 $ 58 $ 70 $ 167 $ 145 5. Total liabilities and equity $ a co CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Net sales $ 76 $ 80 Less: Cost of goods sold 38 34 Gross profits $ $ 46 Less: Other operating expenses 5 Earnings before interest, taxes depreciation, and amortization (EBITDA) 32 $ 41 Less: Depreciation 4 Earnings before interest and taxes (EBIT) $ 28 $ 37 Less: Interest 5 Earnings before taxes (EBT) $ $ 32 Less: Taxes 7 Net income 16 $ 22 Less: Preferred stock dividends $ 1 NU NA w $ $ 32 Earnings before taxes (EBT) Less: Taxes 23 7 10 Net income $ 16 $ 22 1 $ $ $ $ 15 3 21 3 $ 12 $ 18 Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $ 3.00 $ 0.60 $13.60 $14.25 $ 4.20 $ 0.60 $11.20 $14.60 Statement of Cash Flows for Year Ending December 31, 2018 (in millions of dollars) Cash flows from operating activities $ 16 Net income Additions (sources of cash) 4 Depreciation Increase in accounts payable Increase in accrued wages and taxes Subtractions (uses of cash) Increase in accounts receivable Increase in inventory Net cash flow from operating activities Cash flows from investing activities Subtractions: Increase in fixed assets Increase in other long-term assets Net cash flow from investing activities Cash flows from financing activities Additions: Increase in notes payable Increase in common and preferred stock Increase in long-term debt Subtractions: Saved MILIVUJV I HVVJyuyuviu Increase in common and preferred stock Increase in long-term debt Subtractions: Common stock dividends Preferred stock dividends et cash flow from financing activities change in cash and marketable securities

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