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

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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

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EBIT -395,823 -253,879

-Interest Expense 254 43

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EBT -396,077 -253,922

-Tax Expense 136 489

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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

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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

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Total Liab and Equity 1,114,190 713,448

• Tax Expense