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South Plains Chemical Company Balance Sheet ($ thousands) Cash Accounts receivable Inventory Current assets Fixed and other assets Total assets $1,250 8,000 Current liabilities 12,000
South Plains Chemical Company Balance Sheet ($ thousands) Cash Accounts receivable Inventory Current assets Fixed and other assets Total assets $1,250 8,000 Current liabilities 12,000 Long-term debt 21,250 Stockholders' equity 12,000 $10,000 8,000 8,750 Total liabilities and 30,000 stockholders' equity $30,000 South Plains Chemical Company Income Statement ($ thousands) Sales Cost of goods sold Operating expenses Operating profit Interest expense Taxes Net profit $50,000 25,000 15,000 10,000 2,500 2,500 $ 5,000 Dividends paid to common stockholders $ in thousands) Number of common shares outstanding Recent market price of the common stock $1,250 5 million $25
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