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Using the data presented below: Square Corp. Income Statement For the Year Ended Dec. 31, 2017 ($ in 000's) 2017 2016 Sales 7,250,000 6,750,000 Cost

Using the data presented below:

Square Corp.

Income Statement

For the Year Ended Dec. 31, 2017 ($ in 000's)

2017

2016

Sales

7,250,000

6,750,000

Cost of Goods Sold

5,400,000

5,330,000

Gross Profit

?

?

Selling and G&A Expenses

965,000

632,000

Depreciation

550,000

550,000

EBIT

?

?

Interest Expense

130,000

110,000

Earnings Before Taxes

?

?

Taxes

?

?

Net Income

?

?

Notes:

Tax Rate

35.00%

38.20%

Shares Outstanding

75,000

65,000

Square Corp.

Balance Sheet

As of Dec. 31, 2017 ($ in000's)

Assets

2017

2016

Cash

149,970

100,000

Accounts Receivable

370,000

347,000

Inventory

870,000

515,000

Total Current Assets

?

?

Plant & Equipment

6,570,000

5,010,000

Accumulated Depreciation

?

1,380,000

Net Fixed Assets

?

?

Total Assets

?

?

Liabilities and Owners' Equity

Accounts Payable

420,000

321,440

Notes Payable

166,625

22,960

Total Current Liabilities

?

?

Long-term Debt

1,350,000

918,400

Total Liabilities

?

?

Common Stock

2,520,000

2,043,440

Additional Paid-in-Capital

772,000

551,040

Retained Earnings

734,720

734,720

Total Shareholder's Equity

?

?

Total Liab. and Owners' Equity

?

?

image text in transcribed

a) Recreate the income statement and balance statement, and statement of cash flow. b) Create common-size income, balance, for 2017 & 2016 and cash flow statement ending 2017 c) Each statement should be on separate sheet, named appropriately

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