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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.)
Current Year 5419 2,439 503 335 535 172 2,200 Prior Year Revenue $4,000 Cost of Good Sold 1,600 Depreciation 500 Inventory 300 SG&A 500 Interest Expenses 150 Common Stock and 2,200 Paid-in Capital Federal and State Taxes 400 (35% of EBT) Accounts Payable 300 Accounts Receivable 400 Net Fixed Assets 5,000 Retained Earnings 1,000 (Balance Sheet) Long-Term Debt 2,000 Notes Payable 1,000 Dividends Paid 410 Cash 800 Income Statement Questions: What is SinCo's EBITDA for the current year? What is SinCo's EBIT for the current year? What is SinCo's Net Income for the current year? 322 422 5560 2683 758 410 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 AssetsStep by Step Solution
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