Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TUU Tidve ure Tonowing tinancial macun audut Berkeley Automobile Company. Please use this information to answer the following questions Berkeley Automobile Company Inc. (000's) 2018

image text in transcribed

image text in transcribedimage text in transcribed

TUU Tidve ure Tonowing tinancial macun audut Berkeley Automobile Company. Please use this information to answer the following questions Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 9,500 $ 14,000 Net Fixed Assets $ 10,800 $ 9,650 Inventory $ 3,100 $ 4,513 Cost of Goods Sold $ 6,900 $ 9,242 Interest $ 300 $ 390 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 355 Accounts Receivable $ 1,600 $ 4,891 Accounts Payable $ 2,400 $3,750 Long-Term Debt $ 3,500 $ 4,145 Tax Rate 34% 34% Dividends $ 824 $ 1,115 Common Shares Outstanding 200 200 Book Value Per Share $ 50.88 $ 58.54 Price / Earnings Multiple (PE) 10 11 All balance sheet items are as of 12/31 of that year All income statement items are for the entire year indicated Please complete the asset portion of the balance sheet for Berkeley Automobile Inc. for 2018 and 2019. Enter the balance sheet categories on the "Description" column and the dollar amounts in the "Year" column. Make sure you complete the totals where requested (10 Points). Please complete the liabilities portion of the balance sheet for Berkeley Automobile Inc. for 2018 and 2019. Enter the balance sheet categories on the "Description" column and the dollar amounts in the "Year" column. Make sure you complete the totals where requested (5 Points). III. Please complete the Shareholder's Equity portion of the balance sheet for Berkeley Automobile Inc. for 2018 and 2019. Enter the balance sheet categories on the "Description" column and the dollar amounts in the "Year" column. Make sure you complete the totals where requested (10 Points). 12/31/2018 12/31/2019 12/31/2018 12/31 2019 Description Current Assets Description Current Liabilities Amount Amount Amount Amount Total Total Long Term Assets Long Term Liabilities Total Liabilities Shareholders Equity Total Shareholders Equity Total Assets Total Liabilities plus O.E. IV. Please complete the Income Statement for Berkeley Automobile, Inc from the financial information given above, on the "Descriptior" column and the dollar amounts in the "Year" column. Please give subtotals where requested in bold (EBITDA, EBIT, EBT, Net Income). Remember you may have to calculate some values. (20 Points). 12/31/2018 Amount 12/31/2019 Amount Description EBITDA EBIT EBT Net Income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Acca Financial Reporting Practice And Revision Kit

Authors: BPP Learning Media

1st Edition

1509738053, 978-1509738052

More Books

Students also viewed these Accounting questions

Question

Suppose that P(Z > 1.96) = 0.025. Find P(Z 1.96).

Answered: 1 week ago