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You are given the following information about XYZ Corporation: Account Name Value Accounts payable 5800 Accounts receivable 10600 Accumulated depreciation 34000 Cash 17550 Common stock
You are given the following information about XYZ Corporation: | |||||
Account Name | Value | ||||
Accounts payable | 5800 | ||||
Accounts receivable | 10600 | ||||
Accumulated depreciation | 34000 | ||||
Cash | 17550 | ||||
Common stock (10,000 shares) | 46000 | ||||
Cost of goods sold | 6,750 | ||||
Depreciation expense | 600 | ||||
Earnings before taxes | ????? | ||||
General & admin expense | 950 | ||||
Gross buildings & equipment | 123000 | ||||
Gross profits | 27,250 | ||||
Interest expense | 4,300 | ||||
Inventories | 7500 | ||||
Long-term debt | 56000 | ||||
Net buildings & equipment | 89000 | ||||
Net income | ????? | ||||
Operating income (EBIT) | ????? | ||||
Retained earnings | 16250 | ||||
Sales | 33,000 | ||||
Short-term notes payable | 700 | ||||
Taxes @40% | 8,560 |
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