Answered step by step
Verified Expert Solution
Question
1 Approved Answer
sos! im stuck Using the 2016 income statement, calculate the EBDAT breakeven point. Show your math. CASTILLO PRODUCTS COMPANY 2016 2015 BALANCE SHEET Cash Accounts
sos! im stuck
Using the 2016 income statement, calculate the EBDAT breakeven point. Show your math. CASTILLO PRODUCTS COMPANY 2016 2015 BALANCE SHEET Cash Accounts receivable Inventories Total current assets Gross fixed assets Accumulated depreciation Net fixed assets Total assets $ 50,000 200,000 400,000 650,000 450,000 - 100,000 350,000 $1,000,000 $ 20,000 280,000 500,000 800,000 540,000 -140,000 400,000 $1,200,000 Accounts payable Accruals Bank loan Total current liabilities Long-term debt Common stock ($.01 par) Additional paid-in-capital Retained earnings Total liabilities and equity $ 130,000 50,000 90,000 270,000 300,000 150,000 200,000 80,000 $1,000,000 $ 160,000 70,000 100,000 330,000 400,000 150,000 200,000 120,000 $1,200,000 Using the 2016 income statement, calculate the EBDAT breakeven point. Show your math. CASTILLO PRODUCTS COMPANY 2016 2015 BALANCE SHEET Cash Accounts receivable Inventories Total current assets Gross fixed assets Accumulated depreciation Net fixed assets Total assets $ 50,000 200,000 400,000 650,000 450,000 - 100,000 350,000 $1,000,000 $ 20,000 280,000 500,000 800,000 540,000 -140,000 400,000 $1,200,000 Accounts payable Accruals Bank loan Total current liabilities Long-term debt Common stock ($.01 par) Additional paid-in-capital Retained earnings Total liabilities and equity $ 130,000 50,000 90,000 270,000 300,000 150,000 200,000 80,000 $1,000,000 $ 160,000 70,000 100,000 330,000 400,000 150,000 200,000 120,000 $1,200,000 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started