Times New... v 14 A A Aav P BI Uvab x, x V A A 2 E FINA 3320: Corporate Finance Project 1: Financial Statement Analysis BBCC Income Statement for 2015 and 2016 (thousand dollars) 2015 2016 Sales $40,909 $45,000 Cost of Goods Sold $20,909 $23,000 Gross Profit $20,000 $22,000 Selling and Administrative Expenses $11,818 $13,000 Depreciation Expense $2,000 $3,000 Operating Income (EBIT) $6,182 $6,000 Interest Expense $400 $412 Earnings before Taxes (EBT) $5,782 $5,588 Income Taxes (@ 40%) Net Income (NI) $2,313 $2,235 $3,469 $3,353 Dividends Paid (@21.86%) $758 $733 BBCC Balance Sheet as of End of 2015 and 2016 (thousand dollars) 2015 2016 Assets: Cash $2,000 $1,800 Accounts Receivable (net) $6,000 $7,600 Inventory $5,000 $5,220 Plant and Equipment (gross) $26,000 $31,000 Less: Accumulated Depreciation $10,000 $13,000 Plant and Equipment (net) $16,000 $18,000 Land $1,000 $1,000 Liabilities: Accounts Payable $2,000 $2,600 Notes Payable $3,000 $3,300 Accrued Expenses $3,000 $3,100 Bonds Payable $4,000 $4,000 Stockholders' Equity: Common Stock $4,000 $4,000 $14,000 $16,620 Retained Earnings 148 words F English (United States) Focus TO W P X O N AL Styles Styles Pane