Question
You have been provided with 2021 and 2022 financial statement information (in Millions) for Everlast Inc. 2021 2022 Sales $12,573 $13,436 Depreciation Expense 1,661 1,736
You have been provided with 2021 and 2022 financial statement information (in Millions) for Everlast Inc. 2021 2022 Sales $12,573 $13,436 Depreciation Expense 1,661 1,736 Cost of goods sold 4,979 5,207 Other Expense 946 824 Interest Expense 776 926 Cash 6,067 6,466 Accounts Receivable 8,034 9,427 Short-term Notes Payable 1,171 1,147 Long-term Debt 20,320 24,696 Net Fixed Assets 50,888 54,273 Accounts Payable 4,384 4,644 Inventory 14,283 15,288 Dividends 1,411 1,618 Tax rate 34% 34% Common Stock 10,000 ? Retained Earnings 43,397 ? a) Prepare a statement of comprehensive income for Everlast Inc. for 2021 and 2022. b) What are the dividends paid and addition to retained earnings for 2021 and 2022 ? c) Prepare a statement of financial position for Everlast Inc. for 2021 and 2022.
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