Questions 13 and 14

Use the following finncial t tu ssto Kramerica Industries ncome Statement $9,000 4,500 $4,500 3,500 300 $700 100 $600 175 Revenues COGS Gross Profit Operating Expenses Depreciation EBIT Interest Expense EBT Taxes NI Dividends $300 Kramerica Industries Balance Sheet Cash and Equivalents Accounts Receivable Inventory Net Fixed Assets $500 2,000 600 1,300 $4,400 Total Assets Accounts Payable $950 200 Short-Term Notes Payable Accruals 75 1,000 1,500 675 $4,400 Long-Term Debt Common Stock Retained Earnings Liabilities and Shareholders' Equity