Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Income Statement Sales Cost of goods sold Depreciation Selling and administrative expenses EBIT Interest expense Taxable income Taxes Net income Balance Sheet, Year-End Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities 2020 $5,720,000 3,010,000 298, 200 1,597,000 $ $ $ 814,800 167,000 647,800 293,500 354,300 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 2020 $ $ $ 1,095,700 2,876,000 $ 3,971,700 43,200 $ 81,000 604,000 1,404,300 448,500 976,800 $ 2,462,100 5,752,000 $ 8,214,100 318,300 496,000 814,300 1,913,700 $ 2,728,000 311,400 932,300 $ 2019 $ 1,243,700 $ 3,971,700 $ 990,000 1,215,300 $ 2,205,300 4,859,400 $ $ 7,064,700 311,400 838,000 $ 1,149,400 $ 8,214,100
Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Income Statement Sales Cost of goods sold Depreciation Selling and administrative expenses EBIT Interest expense Taxable income Taxes Net income Balance Sheet, Year-End Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities 2020 $5,720,000 3,010,000 298, 200 1,597,000 $ $ $ 814,800 167,000 647,800 293,500 354,300 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 2020 $ $ $ 1,095,700 2,876,000 $ 3,971,700 43,200 $ 81,000 604,000 1,404,300 448,500 976,800 $ 2,462,100 5,752,000 $ 8,214,100 318,300 496,000 814,300 1,913,700 $ 2,728,000 311,400 932,300 $ 2019 $ 1,243,700 $ 3,971,700 $ 990,000 1,215,300 $ 2,205,300 4,859,400 $ $ 7,064,700 311,400 838,000 $ 1,149,400 $ 8,214,100
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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