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Using the table below create SinCo's Income Statementand Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below.
Using the table below create SinCo's Income Statementand 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 YearCurrent YearRevenue$4,0004612Cost of Good Sold1,6002,168Depreciation500517Inventory300353SG&A500516Interest Expenses150164Common Stock and Paid-in Capital2,2002,200Federal and State Taxes (35% of EBT)400Accounts Payable300317Accounts Receivable400449Net Fixed Assets5,0005299Retained Earnings (Balance Sheet)1,000Long-Term Debt2,0002235Notes Payable1,0001051Dividends Paid410410Cash800Income 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?Balance Sheet Questions:
What is SinCo's current year's Retained EarningsWhat is the current year's Total Liabilities and Shareholders EquityWhat is SinCo's current year's Total AssetsWhat is SinCo's current year's Cash BalanceWhat is SinCo's current year's Total Current AssetsStep by Step Solution
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