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Balance Sheet as of December 31, 2022 (in thousands) Cash ReceivablesInventoriesNet fixed assetsTotal assets( Company Name] 77, 500336, 00241, 500Total Current Assets 655, 000292, 500947, 500Accounts payableOther current liabilities Notes payableTotal current liabilities Long-term debt129,000 Total liabilities and equity 117,00084, 000330, 000256, 500Common equity (36, 100 shares) 361, 000947, 500Company Namne]: Income Statement for YeaF EndeDecember 31, 2022 (in thousands)SalesCost of Goods Sold Materials LaborHeat, light, powerlndirect LaborGross ProfitSelling ExpensesGeneral and admin expenses Depreciation EBITInterest expenseEBTTaxes (25%) Net Income Earnings per share Price per share 12/31/22717,000453, 00068, 000113, 0001,607,5001,35 Cash Receivables [Company Name] Balance Sheet as of December 31, 2022 (in thousands) 77,500 336,00 Accounts payable Company Name]: Income Statement for rear nues December 31, 2022 (in thousands) 129,000 Sales 1,607,500 Other current liabilities 117,000 Cost of Goods Sold Inventories 241,500 Notes payable 84,000 Materials Total Current Assets 655,000 Total current liabilities 330,000 Labor 717,000 453,000 Long-term debt 256,500 Heat, light, power 68,000. Net fixed assets 292,500 Common equity (36,100 shares) 361,000 Indirect Labor 113,000 1,351,000 Total assets 947,500 Total liabilities and equity 947,500 Gross Profit 256,500 Selling Expenses 115,000 General and admin expenses Depreciation EBIT Interest expense EBT Taxes (25%) Net Income 30,000 41,500 70,000 21,000 49,000 12,250 36,750 Earnings per share 1.018 Price per share 12/31/22 $ 12.00

Balance Sheet as of December 31, 2022 (in thousands) Cash ReceivablesInventoriesNet fixed assetsTotal assets( Company Name] 77, 500336, 00241, 500Total Current Assets 655, 000292, 500947, 500Accounts payableOther current liabilities Notes payableTotal current liabilities Long-term debt129,000 Total liabilities and equity 117,00084, 000330, 000256, 500Common equity (36, 100 shares) 361, 000947, 500Company Namne]: Income Statement for YeaF EndeDecember 31, 2022 (in thousands)SalesCost of Goods Sold Materials LaborHeat, light, powerlndirect LaborGross ProfitSelling ExpensesGeneral and admin expenses Depreciation EBITInterest expenseEBTTaxes (25%) Net Income Earnings per share Price per share 12/31/22717,000453, 00068, 000113, 0001,607,5001,35 Cash Receivables [Company Name] Balance Sheet as of December 31, 2022 (in thousands) 77,500 336,00 Accounts payable Company Name]: Income Statement for rear nues December 31, 2022 (in thousands) 129,000 Sales 1,607,500 Other current liabilities 117,000 Cost of Goods Sold Inventories 241,500 Notes payable 84,000 Materials Total Current Assets 655,000 Total current liabilities 330,000 Labor 717,000 453,000 Long-term debt 256,500 Heat, light, power 68,000. Net fixed assets 292,500 Common equity (36,100 shares) 361,000 Indirect Labor 113,000 1,351,000 Total assets 947,500 Total liabilities and equity 947,500 Gross Profit 256,500 Selling Expenses 115,000 General and admin expenses Depreciation EBIT Interest expense EBT Taxes (25%) Net Income 30,000 41,500 70,000 21,000 49,000 12,250 36,750 Earnings per share 1.018 Price per share 12/31/22 $ 12.00

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.2DC
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Balance Sheet as of December 31, 2022 (in thousands) Cash ReceivablesInventoriesNet fixed assetsTotal assets( Company Name] 77, 500336, 00241, 500Total Current Assets 655, 000292, 500947, 500Accounts payableOther current liabilities Notes payableTotal current liabilities Long-term debt129,000 Total liabilities and equity 117,00084, 000330, 000256, 500Common equity (36, 100 shares) 361, 000947, 500Company Namne]: Income Statement for YeaF EndeDecember 31, 2022 (in thousands)SalesCost of Goods Sold Materials LaborHeat, light, powerlndirect LaborGross ProfitSelling ExpensesGeneral and admin expenses Depreciation EBITInterest expenseEBTTaxes (25%) Net Income Earnings per share Price per share 12/31/22717,000453, 00068, 000113, 0001,607,5001,35 Cash Receivables [Company Name] Balance Sheet as of December 31, 2022 (in thousands) 77,500 336,00 Accounts payable Company Name]: Income Statement for rear nues December 31, 2022 (in thousands) 129,000 Sales 1,607,500 Other current liabilities 117,000 Cost of Goods Sold Inventories 241,500 Notes payable 84,000 Materials Total Current Assets 655,000 Total current liabilities 330,000 Labor 717,000 453,000 Long-term debt 256,500 Heat, light, power 68,000. Net fixed assets 292,500 Common equity (36,100 shares) 361,000 Indirect Labor 113,000 1,351,000 Total assets 947,500 Total liabilities and equity 947,500 Gross Profit 256,500 Selling Expenses 115,000 General and admin expenses Depreciation EBIT Interest expense EBT Taxes (25%) Net Income 30,000 41,500 70,000 21,000 49,000 12,250 36,750 Earnings per share 1.018 Price per share 12/31/22 $ 12.00
Transcribed Image Text:Balance Sheet as of December 31, 2022 (in thousands) Cash ReceivablesInventoriesNet fixed assetsTotal assets( Company Name] 77, 500336, 00241, 500Total Current Assets 655, 000292, 500947, 500Accounts payableOther current liabilities Notes payableTotal current liabilities Long-term debt129,000 Total liabilities and equity 117,00084, 000330, 000256, 500Common equity (36, 100 shares) 361, 000947, 500Company Namne]: Income Statement for YeaF EndeDecember 31, 2022 (in thousands)SalesCost of Goods Sold Materials LaborHeat, light, powerlndirect LaborGross ProfitSelling ExpensesGeneral and admin expenses Depreciation EBITInterest expenseEBTTaxes (25%) Net Income Earnings per share Price per share 12/31/22717,000453, 00068, 000113, 0001,607,5001,35 Cash Receivables [Company Name] Balance Sheet as of December 31, 2022 (in thousands) 77,500 336,00 Accounts payable Company Name]: Income Statement for rear nues December 31, 2022 (in thousands) 129,000 Sales 1,607,500 Other current liabilities 117,000 Cost of Goods Sold Inventories 241,500 Notes payable 84,000 Materials Total Current Assets 655,000 Total current liabilities 330,000 Labor 717,000 453,000 Long-term debt 256,500 Heat, light, power 68,000. Net fixed assets 292,500 Common equity (36,100 shares) 361,000 Indirect Labor 113,000 1,351,000 Total assets 947,500 Total liabilities and equity 947,500 Gross Profit 256,500 Selling Expenses 115,000 General and admin expenses Depreciation EBIT Interest expense EBT Taxes (25%) Net Income 30,000 41,500 70,000 21,000 49,000 12,250 36,750 Earnings per share 1.018 Price per share 12/31/22 $ 12.00
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