Question
The Case Study is to analyze E-Cars and their financial statements based on everything (take note of everything)you have learned in the course. Case Study
The Case Study is to analyze E-Cars and their financial statements based on everything (take note of everything)you have learned in the course.
Case Study E-Cars Financial Statements
Overview and Mission Statement
Class is Finance 620
E-Cars is a Private Corporation. We have limited information however we have obtained their financial statements. Their Mission Statement is Below E-Cars was founded by a group of engineers who wanted to prove that people didn't need to compromise to drive electric - that electric vehicles can be better, quicker and more fun to drive than gasoline cars. E-Cars believe the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better. Case Study Answer Analyze the financial statements and this document using everything you have learned in this course. This is a very "opened answered" Case Study. I do this to challenge your team response.
E-Cars is a Private Corporation. We have limited information however we have obtained their financial statements. Their Mission Statement is Below E-Cars was founded by a group of engineers who wanted to prove that people didn't need to compromise to drive electric - that electric vehicles can be better, quicker and more fun to drive than gasoline cars. E-Cars believe the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better. Case Study Answer Analyze the financial statements and this document using everything you have learned in this course. This is a very "opened answered" Case Study. I do this to challenge your team response.
E-Cars is a Private Corporation. We have limited information however we have obtained their financial statements. Their Mission Statement is Below E-Cars was founded by a group of engineers who wanted to prove that people didn't need to compromise to drive electric - that electric vehicles can be better, quicker and more fun to drive than gasoline cars. E-Cars believe the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better. Case Study Answer Analyze the financial statements and this document using everything you have learned in this course. This is a very "opened answered" Case Study. I do this to challenge your team response.
Income Statement E Cars
2012 2011
Revenue 413,256 204,242
-cost of Goods 318,189 142,647
___________________________________________________________________________________
Gross Profit 30,067 61,595
- Selling, Gen, and Admin 150,372 104,102
- Research & Development 273,978 208,981
- - Other Expenses 1,540 2,391
___________________________________________________________________________________
EBIT -395,823 -253,879
-Interest Expense 254 43
___________________________________________________________________________________
EBT -396,077 -253,922
-Tax Expense 136 489
___________________________________________________________________________________
Net Income -396,213 -254,411
Table 2-2
BALANCE SHEET E-CARS
20x2 20x1
Current Assets
Cash 220,984 278,742
Receivables 26,842 9,539
Inventory 268,504 50,082
Other CA 8,438 9,414
TOTAL CURRENT ASSETS 524,768 347,777
Property, Plant & Equip 562,300 310,171
Other Non-Current Assets 38,233 30,439
TOTAL ASSETS 1,114,190 713,448
_____________________________________________________________________________________
Current Liabilities
Accounts Payable 343,180 88,250
Current Maturities 55,206 8,983
Other Curr Liab 140,722 94,106
Total Current Liabilities 539,108 191,339
Long Term Debt 411,460 271,165
Other Long Term Liabilities 38,922 26,899
Total Liabilities 989,490 489,403
Common Equity 1,190,306 893,437
Retained Earnings -1,065,606 -669,392
Total Equity 124,700 224,045
______________________________________________________________________________________
Total Liab and Equity 1,114,190 713,448
- Tax Expense
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