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Use the following Income Statement and Balance Sheet of firm X Income Statement Balance Sheet Sales 200,000 Assets Costs Except Depr. (90,000) Cash and Equivalents
Use the following Income Statement and Balance Sheet of firm X
| Income Statement |
| Balance Sheet |
| ||
| Sales | 200,000 |
| Assets | ||
| Costs Except Depr. | (90,000) |
| Cash and Equivalents | 17,000 | |
| EBITDA | 110,000 |
| Accounts Receivable | 1,000 | |
| Depreciation | (6,000) |
| Inventories | 4,000 | |
| EBIT | 104,000 |
| Total Current Assets | 22,000 | |
| Interest Expense (net) | (400) |
| Property, Plant, and Equipment | 10,000 | |
| Pretax Income | 103,600 |
| Total Assets | 32,000 | |
| Income Tax | (32,760) |
| Liabilities and Equity |
| |
| Net Income | 70,840 |
| Accounts Payable | 200 |
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| Debt | 5,000 |
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| Total Liabilities | 5,200 |
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| Stockholders | ||
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