10. Following is the income statement of Bartlett Company (in USD 000) Barlett Company Balance Sheet (USD 000) 2015 2016 2015 2016 Assets Sales revenue 3074 2567 Current Assets Less: Cost of goods sold 2088 1711 Cash 363 288 Gross Profits 986 856 Marketable securities 68 51 Less; Operating Expenses Accounts receivable 503 365 Selling Expenses 100 108 Inventories 289 300 General and Administrative Expenses 194 187 Total current assets 1223 1004 Lease Expense 35 35 Non-Current Assets (at cost) Depreciation Expenses 239 223 Total Operating expenses 568 553 Land and Buildings 2072 1903 Operating profits 418 303 Machinery and equipment 1866 1693 Less; Interest expenses 93 91 Furniture and fixtures 358 316 Net profit before tax 325 212 Vehicles 275 314 Less; taxes 94 64 Others (includes financial leases) 98 96 Net profit after tax 231 148 Total gross fixed assets (at cost) 4669 4322 Less; preference dividend 10 10 Earnings available for ordinary shares 221 138 Less: Accumulated depreciation 2295 2056 Earnings per share 2.90 1.81 Net fixed assets 2374 2266 Dividend per share 1.29 0.75 Total Assets 3597 3270 Liabilities and Shareholders Equity Current liabilities Accounts payable 382 270 Notes payable 79 99 Accruals 159 114 Total current liabilities 620 483 Non-current debt (includes financial leases) 1023 967 Total liabilities 1643 1450 Shareholders equity Preference shares 200 200 Ordinary shares (issued 2015, 76262; in 2014, 76,244) Retained earnings 619 608 1135 1012 Total shareholders equity 1954 1820 Total liabilities and shareholders equity 3597 3270 • Market price per share at the end of 2014 was USD 30.2 and 2015 was USD 32.25 a) Prepare Barlett Companies comparative balance sheet and income statement?

Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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10. Following is the income statement of Bartlett Company (in USD 000)
Barlett Company Balance Sheet (USD 000)
2015
2016
2015
2016
Assets
Sales revenue
3074
2567
Current Assets
Less: Cost of goods sold
2088
1711
Cash
363
288
Gross Profits
986
856
Marketable securities
68
51
Less; Operating Expenses
Accounts receivable
503
365
Selling Expenses
100
108
Inventories
289
300
General and Administrative Expenses
194
187
Total current assets
1223
1004
Lease Expense
35
35
Non-Current Assets (at cost)
Depreciation Expenses
239
223
Total Operating expenses
568
553
Land and Buildings
2072
1903
Operating profits
418
303
Machinery and equipment
1866
1693
Less; Interest expenses
93
91
Furniture and fixtures
358
316
Net profit before tax
325
212
Vehicles
275
314
Less; taxes
94
64
Others (includes financial leases)
98
96
Net profit after tax
231
148
Total gross fixed assets (at cost)
4669
4322
Less; preference dividend
10
10
Earnings available for ordinary shares
221
138
Less: Accumulated depreciation
2295
2056
Earnings per share
2.90
1.81
Net fixed assets
2374
2266
Dividend per share
1.29
0.75
Total Assets
3597
3270
Liabilities and Shareholders Equity
Current liabilities
Accounts payable
382
270
Notes payable
79
99
Accruals
159
114
Total current liabilities
620
483
Non-current debt (includes financial leases)
1023
967
Total liabilities
1643
1450
Shareholders equity
Preference shares
200
200
Ordinary shares (issued 2015, 76262; in 2014, 76,244)
Retained earnings
619
608
1135
1012
Total shareholders equity
1954
1820
Total liabilities and shareholders equity
3597
3270
• Market price per share at the end of 2014 was USD 30.2 and 2015 was USD 32.25
a) Prepare Barlett Companies comparative balance sheet and income statement?
Transcribed Image Text:10. Following is the income statement of Bartlett Company (in USD 000) Barlett Company Balance Sheet (USD 000) 2015 2016 2015 2016 Assets Sales revenue 3074 2567 Current Assets Less: Cost of goods sold 2088 1711 Cash 363 288 Gross Profits 986 856 Marketable securities 68 51 Less; Operating Expenses Accounts receivable 503 365 Selling Expenses 100 108 Inventories 289 300 General and Administrative Expenses 194 187 Total current assets 1223 1004 Lease Expense 35 35 Non-Current Assets (at cost) Depreciation Expenses 239 223 Total Operating expenses 568 553 Land and Buildings 2072 1903 Operating profits 418 303 Machinery and equipment 1866 1693 Less; Interest expenses 93 91 Furniture and fixtures 358 316 Net profit before tax 325 212 Vehicles 275 314 Less; taxes 94 64 Others (includes financial leases) 98 96 Net profit after tax 231 148 Total gross fixed assets (at cost) 4669 4322 Less; preference dividend 10 10 Earnings available for ordinary shares 221 138 Less: Accumulated depreciation 2295 2056 Earnings per share 2.90 1.81 Net fixed assets 2374 2266 Dividend per share 1.29 0.75 Total Assets 3597 3270 Liabilities and Shareholders Equity Current liabilities Accounts payable 382 270 Notes payable 79 99 Accruals 159 114 Total current liabilities 620 483 Non-current debt (includes financial leases) 1023 967 Total liabilities 1643 1450 Shareholders equity Preference shares 200 200 Ordinary shares (issued 2015, 76262; in 2014, 76,244) Retained earnings 619 608 1135 1012 Total shareholders equity 1954 1820 Total liabilities and shareholders equity 3597 3270 • Market price per share at the end of 2014 was USD 30.2 and 2015 was USD 32.25 a) Prepare Barlett Companies comparative balance sheet and income statement?
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