Use the following information to complete the income statement for Company Abc for the year ending December 31, 2010 (show work):
Income Statement Information
Revenue	$ 125,000,000
Gross Margin	50.0%
Selling General and Administrative (SG&A)	20.0%	of revenue
Research and Development (R&D)	15.0%	of revenue
Depreciation expense (D&A)	$ 5,000,000
Interest Expense	$ 5,000,000
Interest Income	$ 2,000,000
Tax Rate	35%
Securities Information
Weighted Average Shares (12/31/1X)	10,000,000
A Warrants exercisable @ $2.00	2,200,000
B Warrants exercisable @ $3.00	2,500,000
Stock Price (12/31/1X)	$ 4.00
Complete the following Income Statement
Answers go in the yellow boxes
Revenue	$ 125,000,000				$ 125,000,000
Cost of Goods Sold	?
Gross Profit	?
Operating Expenses
SG&A	?
R&D	?
D&A
Operating Expenses Total	?
Operating Income	?
Interest Expense, net	?
Pre Tax Income	?
Tax	?
Net Income	?
	?
EPS Basic	?
EPS Diluted	?
					For losses, only Basic Shares are used in calculating Diluted EPS
Use this table (below) to help with your calculations
Diluted Share Calculations
Basic	10,000,000
A warrants
B warrants
Total
Proceeds
A warrants
B warrants
Total Proceeds
Shares repurchased
Diluted shares used to calculate Diluted EPS
			This is the correct way to calculate the number of shares for Diluted EPS

Given the information below, calculate the Working Capital and Current Ratio
1	Cash and marketable securities -	$3,500,000
2	Accounts Receivable (Gross) -	$2,500,000
	Allowance for doubtful accounts	$50,000
3	Accounts Payable -	$1,500,000
4	Accumulated Depreciation	2,500,000
6	Inventory -	$3,500,000
7	Other Current Assets -	$1,000,000
8	Common Stock at Par Value -	$100,000
9	Current portion of long term notes -	$800,000
10	Other Current Liabilities -	$550,000
11	Goodwill -	$10,000,000
12	Long-Term debt -	$8,000,000
			Cash and marketable securities -
			Accounts Receivable (Net) -
			Inventory -
Working Capital	?		Other Current Assets -
Current Ratio	?		Total Current Assets
			Accounts Payable -
			Current portion of long term notes -
			Other Current Liabilities -
			Total Current Liabilities
			Working Capital
			Current Ratio

Given the following Information on ABC Corp, calculate the ratios below
ABC Corp. Year end statements		Balance Sheet 12/31/15						Balance Sheet 12/31/16
ASSETS	2015		LIABILITIES	2015		ASSETS	2016		LIABILITIES	2016
Cash	$ 3,000,000		Accounts Payable	1,700,000		Cash	3,500,000		Accounts Payable	1,900,000
Accounts Recievable	2,000,000		Current portion of LTD	900,000		Accounts Recievable	2,500,000		Current portion of LTD	900,000
Inventory	3,000,000		Accrued Liabilities	1,400,000		Inventory	3,000,000		Accrued Liabilities	1,200,000
Total Current Assets	8,000,000		Total Current Liabilities	$ 4,000,000		Total Current Assets	9,000,000		Total Current Liabilities	4,000,000
Property Plant & Equipment, net	8,000,000		Long Term Debt (LTD)	9,000,000		Property Plant & Equipment, net	8,000,000		Long Term Debt (LTD)	9,000,000
Other Assets	2,000,000		Shareholder's Equity	5,000,000		Other Assets	2,000,000		Shareholder's Equity	6,000,000
Total Assets	$ 18,000,000		Total Liabilities & Equity	18,000,000		Total Assets	$ 19,000,000		Total Liabilities & Equity	$19,000,000
Income Statement FY 12/31
	2016
Revenue	$ 12,000,000
Cost of Goods Sold	5,000,000					Current ratio 12/31/16	?
Gross Profit	7,000,000					Accounts Receivable Turnover (2016)	?
						Total Asset Turnover (2016)	?
Selling General & Admin	2,400,000					Inventory Turnover (2016)	?
Research and Development	1,500,000					Liabilities to Equity 12/31/16	?
Depreciation and Amortization	1,500,000					Revenue to Cash (2016)	?
Total Operating expenses	5,400,000					Days revenue in Cash (2016)	?
						Days Inventory (2016)	?
Operating Profit	1,600,000					Return on Assets (2016)	?
						Return on Equity (2016)	?
Interest Income	100,000
Interest Expense	700,000
Pre tax Profit	1,000,000
Tax (@35%)	350,000
Net income	$ 650,000