Question
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35 40 PLEASE LABEL ANSWERS CLEARLY!!!! THANK YOU Annual Income Statements 2013 2014 Sales 500,000 560,000 COGS ????
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35 40
PLEASE LABEL ANSWERS CLEARLY!!!! THANK YOU
Annual Income Statements | ||
2013 | 2014 | |
Sales | 500,000 | 560,000 |
COGS | ???? | 149,350 |
Gross profit | 380,000 | 410,650 |
Oper. exp | 225,000 | 250,100 |
Depreciation | 15,000 | 15,000 |
Operating profit | 140,000 | 145,550 |
Interest exp. | 5,000 | 5,000 |
EBT | 135,000 | 140,550 |
Taxes | 50,000 | 56,000 |
Net Income | 85,000 | 84,550 |
Annual Balance Sheets | ||
2013 | 2014 | |
Cash | 450,000 | 478,500 |
Accounts rec | 275,000 | 250,000 |
Inventories | 280,000 | 325,000 |
Current Assets | 1,005,000 | 1,053,500 |
Net fixed assets | 1,125,000 | ??? |
Total Assets | 2,130,000 | 2,293,500 |
Notes payable | 150,000 | 125,000 |
Accounts payable | 90,000 | 115,000 |
Accruals | 15,000 | 25,000 |
Current Liabilities | 255,000 | 265,000 |
Long-term debt | 1,000,000 | 1,050,000 |
Common stock @ ($0.25 par) | 25,000 | 28,500 |
Additional paid in capital | 500,000 | 570,000 |
Retained earnings | 350,000 | 380,000 |
Total Liabilities & Equity | 2,130,000 | 2,293,500 |
35. Net fixed assets in 2014 were $__________. 36. COGS on the 2013 common-sized income statement was 24%. Therefore, COGS in 2013 was 37. The debt ratio for 2014 was ____%. 38. Cash flow from operations in 2014 was $________. 39. Cash flow from investing in 2014 was $__________. 40. Total dividends paid in 2014 was $_______.
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