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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd887bd8d-5211-407d-9ef8-e3d0bc6a4573%2F923e604d-551e-43e3-81cf-3dfa1dbe9fc7%2Fyj5fljq_processed.jpeg&w=3840&q=75)
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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