The table below contains data on Fincorp Inc. that you should use for Problems 31-38. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes" Accounts payable Accounts receivable Net fixed assets' Long-term debt Notes payable Dividends paid Cash and marketable securities 2015 $4,000 1,600 500 300 500 150 400 300 400 5,000 2,000 1,000 410 800 2016 $4,100 1,700 520 350 550 150 420 350 450 5,800 2,400 600 410 300 *Taxes are paid in their entirety in the year that the tax obligation is incurred. *Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. 31. Balance Sheet. Construct a balance sheet for Fincorp for 2015 and 2016. What is shareholders' equity? (LO3-1) 32. Working Capital. What was the change in net working capital during the year? (LO3-1) 33. Income Statement. Construct an income statement for Fincorp for 2015 and 2016. What were reinvested earnings for 2016? (LO3-1) 34. Earnings per Share. Suppose that Fincorp has 500,000 shares outstanding. What were earnings per share? (LO3-1) 35. Balance Sheet. Examine the values for depreciation in 2016 and net fixed assets in 2015 and 2016. What was Fincorp's gross investment in plant and equipment during 2016? (LO3-1) 36. Book versus Market Value. Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2016 is $6,000 and that the value of its long-term debt is only $2,200. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of its employees are worth $2,900. This investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock? (LO3-2) 37. Income versus Cash Flows. Construct a statement of cash flows for Fincorp for 2016. (LO3-3) 38. Tax Rates. (LO3-4) a. What was the firm's average tax bracket for each year? b. Do you have enough information to determine the marginal tax bracket?

The table below contains data on Fincorp Inc, that you should use for Problems 31-38. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. "Taxes are paid in their entirety in the year that the tax obligation is incurred. 'Net foed assets are foed assets net of accumulated depreciation since the asset was installed. 31. Balance Sheet. Construct a balance sheet for Fincorp for 2015 and 2016. What is shareholders' equity? (LO3-I) 32. Working Capital. What was the change in net working capital during the year? (LO3-I) 33. Income Statement. Construct an income statement for Fincorp for 2015 and 2016 . What were reinvested earnings for 2016 ? (LO3-I) 34. Earnings per Share. Suppose that Fincorp has 500,000 shares outstanding. What were carnings per share? (LO3- I) 35. Balance Sheet. Examine the values for depreciation in 2016 and net fixed assets in 2015 and 2016. What was Fincorp's gross investment in plant and equipment during 2016? (LO3-I) 36. Book versus Market Value. Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2016 is $6,000 and that the value of its long-term debt is only $2,200. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of its employees are worth \$2,900. This investment of coune does not show up on the balance sheet. What will be the price per share of Fincorp stock? (LO3-2) 37. Income versus Cash Flows. Construct a statement of cash flows for Fincorp for 2016. (LO3-3) 38. Tax Rates. (LO3-4) a. What was the firm's average tax bracket for each year? b. Do you have enough information to determine the marginal tax bracket? The table below contains data on Fincorp Inc, that you should use for Problems 31-38. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. "Taxes are paid in their entirety in the year that the tax obligation is incurred. 'Net foed assets are foed assets net of accumulated depreciation since the asset was installed. 31. Balance Sheet. Construct a balance sheet for Fincorp for 2015 and 2016. What is shareholders' equity? (LO3-I) 32. Working Capital. What was the change in net working capital during the year? (LO3-I) 33. Income Statement. Construct an income statement for Fincorp for 2015 and 2016 . What were reinvested earnings for 2016 ? (LO3-I) 34. Earnings per Share. Suppose that Fincorp has 500,000 shares outstanding. What were carnings per share? (LO3- I) 35. Balance Sheet. Examine the values for depreciation in 2016 and net fixed assets in 2015 and 2016. What was Fincorp's gross investment in plant and equipment during 2016? (LO3-I) 36. Book versus Market Value. Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2016 is $6,000 and that the value of its long-term debt is only $2,200. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of its employees are worth \$2,900. This investment of coune does not show up on the balance sheet. What will be the price per share of Fincorp stock? (LO3-2) 37. Income versus Cash Flows. Construct a statement of cash flows for Fincorp for 2016. (LO3-3) 38. Tax Rates. (LO3-4) a. What was the firm's average tax bracket for each year? b. Do you have enough information to determine the marginal tax bracket