A) Calculate the total Current Assets, Total Assets, Total Liabilities and Equity, Gross profit, Operating Profit, Earning before Taxes, Taxes and Net Income after Tax on the Balance Sheet and Income statement below (rows highlighted in yellow) B) Calculate the percentage of each line item under Assets to the Total Assets, each line item under Liabilities and Equity to the total Liabilities and Equity, and Cost of Goods Sold, SG&A and Interest Expense to Revenue (blue boxes)
A) Calculate the total Current Assets, Total Assets, Total Liabilities and Equity, Gross profit, Operating Profit, Earning before Taxes, Taxes and Net Income after Tax on the Balance Sheet and Income statement below (rows highlighted in yellow) B) Calculate the percentage of each line item under Assets to the Total Assets, each line item under Liabilities and Equity to the total Liabilities and Equity, and Cost of Goods Sold, SG&A and Interest Expense to Revenue (blue boxes)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:intermediate numbers used in various ratios.
Big Apple Enterprises
ASSETS
Cash
Accounts Receivable
Inventory
Current Assets
Other Non-current Assets
Net Fixed Assets
TOTAL ASSETS
LIABILITIES
Current Liabilities
Debt
Equity
TOTAL LIABILITIES & EQUITY
INCOME STATEMENT
Revenue
Cost of Goods Sold (COGS)
Gross Profit
SG&A
Operating Profit (EBIT)
Interest Expense
Earnings Before Taxes (EBT)
Taxes
Net Income After Tax (NIAT)
Other Information
Tax Rate
Shares Outstanding
Dividends paid
Share Price
2020
2020
4,500
21,000
7,500
10,500
18,500
62,000
20,000
22,000
12,000
28,000
20,000 30,000
2,800
2021
Yr 2021
125,000 155,000
85,000
110,000
2020
30%
6,500
21,500
8,000
20,000 29,000
2,000
3,000
8,000
26,000
70,000
$8.00
3,450
Yr 2021
30%
3,500
2,300
$7.00
Balance Sheet &
Income Stat
Yr 2021
2020
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

Transcribed Image Text:A) Calculate the total Current Assets, Total Assets, Total Liabilities and Equity, Gross profit, Operating Profit, Earning before Taxes, Taxes and Net
Income after Tax on the Balance Sheet and Income statement below (rows highlighted in yellow)
B) Calculate the percentage of each line item under Assets to the Total Assets, each line item under Liabilities and Equity to the total Liabilities and
Equity, and Cost of Goods Sold, SG&A and Interest Expense to Revenue (blue boxes)
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