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The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities. Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income Other data: Shares outstanding (millions) 2021 $ 4,200 17,500 20,300 $ 42,000 28,000 $ 70,000 $ 27,531 12,369 5,000 $ 44,900 9,000 $ 53,900 3,864 12,236 $ 16,100 $ 70,000 2021 $112,000 104,160 2,240 5,600 840 $ $ $ 4,760 1,190 3,570 500.00
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