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Rhodes Corporation Income Statements 2015 2014 Sales $27,500 $25,000 Operating costs excluding depreciation $23,400 $21,250 Depreciation and amortization $950 $900 Earnings before interest and taxes
Rhodes Corporation Income Statements | 2015 | 2014 | |
Sales | $27,500 | $25,000 | |
Operating costs excluding depreciation | $23,400 | $21,250 | |
Depreciation and amortization | $950 | $900 | |
Earnings before interest and taxes | $3,150 | $2,850 | |
Less interest | $300 | $250 | |
Pre-tax income | $2,850 | $2,600 | |
Taxes (40%) | $1,140 | $1,040 | |
Net income available to common stockholders | $1,710 | $1,560 | |
Common dividends | $550 | $500 | |
Rhodes Corporation Balance Sheets | 2015 | 2014 | |
Assets | 2015 | 2014 | |
Cash | $1,375 | $1,250 | |
Short-term investments | $275 | $250 | |
Accounts receivable | $6,875 | $6,250 | |
Inventories | $4,125 | $3,750 | |
Total current assets | $12,650 | $11,500 | |
Net plant and equipment | $9,625 | $8,750 | |
Total assets | $22,275 | $20,250 | |
Liabilities and Equity | |||
Accounts payable | $2,750 | $2,500 | |
Accruals | $1,375 | $1,250 | |
Notes payable | $960 | $500 | |
Total current liabilities | $5,085 | $4,250 | |
Long-term debt | $2,750 | $2,500 | |
Total liabilities | $7,835 | $6,750 | |
Common stock | $10,780 | $11,000 | |
Retained earnings | 3,660 | $2,500 | |
Total common equity | $14,440 | $13,500 | |
Total liabilities and equity | $22,275 | $20,250 |
What is the amount of total net operating capital for 2015 for Rhodes Coporation?
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