Question
Using the data presented below: Square Corp. Square Corp. Income Statement Balance Sheet For the Year Ended Dec. 31, 2017 ($ in 000's) As of
Using the data presented below:
Square Corp. |
| Square Corp. | ||||
Income Statement |
| Balance Sheet | ||||
For the Year Ended Dec. 31, 2017 ($ in 000's) |
| As of Dec. 31, 2017 ($ in 000's) | ||||
| 2017 | 2016 |
| Assets | 2017 | 2016 |
Sales | 7,250,000 | 6,750,000 |
| Cash | 149,970 | 100,000 |
Cost of Goods Sold | 5,400,000 | 5,330,000 |
| Accounts Receivable | 370,000 | 347,000 |
Gross Profit | ? | ? |
| Inventory | 870,000 | 515,000 |
Selling and G&A Expenses | 965,000 | 632,000 |
| Total Current Assets | ? | ? |
Depreciation | ? | 550,000 |
| Plant & Equipment | 6,570,000 | 5,010,000 |
EBIT | 335,000 | ? |
| Accumulated Depreciation | 1,930,000 | 1,380,000 |
Interest Expense | ? | 110,000 |
| Net Fixed Assets | ? | ? |
Earnings Before Taxes | 205,000 | ? |
| Total Assets | ? | ? |
Taxes | ? | ? |
| Liabilities and Owners' Equity |
|
|
Net Income | 133,250 | 79,100 |
| Accounts Payable | 420,000 | 321,440 |
|
|
|
| Notes Payable | 166,625 | 22,960 |
Notes: |
|
|
| Total Current Liabilities | ? | ? |
Tax Rate | ? | ? |
| Long-term Debt | 1,350,000 | 918,400 |
Shares Outstanding | 75,000 | 65,000 |
| Total Liabilities | ? | ? |
Earnings per Share | ? | ? |
| Common Stock | 2,520,000 | 2,043,440 |
Dividends per Share | ? | ? |
| Additional Paid-in-Capital | 772,000 | 551,040 |
Addition to RE per Share | ? | ? |
| Retained Earnings | 734,720 | 734,720 |
Dividend Payout Ratio |
| 60% |
| Total Shareholder's Equity | ? | ? |
|
|
|
| Total Liab. and Owners' Equity | ? | ? |
- Recreate the income statement and balance sheet by filling in the question marks with formulas. Each statement should be on a separate worksheet. Try to duplicate the formatting exactly. Note that in 2016, 60% of earnings were paid to shareholders as dividends.
- On another worksheet, create a statement of cash flows for 2017. Use formulas linked directly to the source on previous worksheets instead of numbers.
- Create a common-size income statement and balance sheet for 2017 and 2016. These statements should be created on a separate worksheet with all formulas linked directly to the income statement and balance sheet. add formulas please
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