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Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are
Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Prior Year | Current Year | |
---|---|---|
Revenue | $4,000 | 4829 |
Cost of Good Sold | 1,600 | 2,221 |
Depreciation | 500 | 490 |
Inventory | 300 | 348 |
SG&A | 500 | 565 |
Interest Expenses | 150 | 178 |
Common Stock and Paid-in Capital | 2,200 | 2,200 |
Federal and State Taxes (35% of EBT) | 400 | |
Accounts Payable | 300 | 343 |
Accounts Receivable | 400 | 442 |
Net Fixed Assets | 5,000 | 5162 |
Retained Earnings (Balance Sheet) | 1,000 | |
Long-Term Debt | 2,000 | 2541 |
Notes Payable | 1,000 | 1014 |
Dividends Paid | 410 | 410 |
Cash | 800 |
Balance Sheet Questions:
What is SinCo's current year's Retained Earnings | |
What is the current year's Total Liabilities and Shareholders Equity | |
What is SinCo's current year's Total Assets | |
What is SinCo's current year's Cash Balance | |
What is SinCo's current year's Total Current Assets |
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