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Using the table below create SinCo's Income Statement for 2013 and 2014. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2013
Using the table below create SinCo's Income Statement for 2013 and 2014.(Do not round intermediate calculations. Round your answer to 2 decimal places.)
2013 | 2014 | |
---|---|---|
Revenue | $4,000 | 5252 |
Cost of Good Sold | 1,600 | 2,101 |
Depreciation | 500 | 524 |
Inventory | 300 | 335 |
SG&A | 500 | 534 |
Interest Expenses | 150 | 175 |
Common Stock and Paid-in Capital | 2,200 | 2,200 |
Federal and State Taxes (35% of EBT) | 400 | |
Accounts Payable | 300 | 354 |
Accounts Receivable | 400 | 424 |
Net Fixed Assets | 5,000 | 4962 |
Retained Earnings (Balance Sheet) | 1,000 | |
Long-Term Debt | 2,000 | 2481 |
Notes Payable | 1,000 | 1016 |
Dividends Paid | 410 | 410 |
Cash | 800 |
What is SinCo's EBITDA for 2014? | |
What is SinCo's EBIT for 2014? | |
What is SinCo's Net Income for 2014? |
Now uses the above table to create an Balance Sheet for 2013 and 2014
What is SinCo's 2014 Retained Earnings | |
What is Total Liabilities and Shareholders Equity | |
What is SinCo's Total Assets | |
What is SinCo's 2014 Cash | |
What is SinCo's 2014 Total Current Assets |
Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for 2014.
What is SinCo's Cash Flow from Operations | |
What is SinCo's Cash Flow from Investments | |
What is SinCo's Provide by Financing Actives | |
What is SinCo's Net change in cash | |
What is SinCo's Ending Cash Balance |
Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows? TrueFalse
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