Bulldogs Inc.'s Balance Sheet (in millions, except for per share data) Bulldogs Inc .'s Income Statement Year ended December 31, 2021 (in millions, except for per share data) Year ended December 31 2020 2021 Assets Cash and cash equivalents Accounts receivable Inventory Total current assets Gross fixed assets Accumulated depreciation Net fixed assets Total assets Total revenues 3,00 190 560 410 1,160 2,200 (900) 1,300 2,460 200 Operating cost and expenses ЕВITDA (2,200 600 80 440 (30с Depreciation Operating income (EBIT) Interest expense Income before tax Taxes (at 40%) Net income 1,240 50 2,600 (100 (1,200) 1,400 2,640 40 (160 24 Dividends (160 Change in retained earnings EPS Dividends per share Liabilities & Shareholders' Equity Accounts payable Notes payable Accrued taxes & expenses Total current liabilities Long term debt Total liabilities Common stock Additional paid-in capital Retained earnings Total shareholders' equity 285 300 0.4 200 250 0.3 140 150 625 700 865 890 1,490 1,590 100 100 200 750 200 670 970 1,050 Total liabilities & sharebolders' equity 2.460 2.640
Bulldogs Inc.'s Balance Sheet (in millions, except for per share data) Bulldogs Inc .'s Income Statement Year ended December 31, 2021 (in millions, except for per share data) Year ended December 31 2020 2021 Assets Cash and cash equivalents Accounts receivable Inventory Total current assets Gross fixed assets Accumulated depreciation Net fixed assets Total assets Total revenues 3,00 190 560 410 1,160 2,200 (900) 1,300 2,460 200 Operating cost and expenses ЕВITDA (2,200 600 80 440 (30с Depreciation Operating income (EBIT) Interest expense Income before tax Taxes (at 40%) Net income 1,240 50 2,600 (100 (1,200) 1,400 2,640 40 (160 24 Dividends (160 Change in retained earnings EPS Dividends per share Liabilities & Shareholders' Equity Accounts payable Notes payable Accrued taxes & expenses Total current liabilities Long term debt Total liabilities Common stock Additional paid-in capital Retained earnings Total shareholders' equity 285 300 0.4 200 250 0.3 140 150 625 700 865 890 1,490 1,590 100 100 200 750 200 670 970 1,050 Total liabilities & sharebolders' equity 2.460 2.640
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is Bulldogs Inc.’s
A. 85 million
B. 145 million
C. 195 million
D. none of the choices
E. 170 million

Transcribed Image Text:Bulldogs Inc. has the following data for the years 2021 and 2020:
Bulldogs Inc.'s Balance Sheet
(in millions, except for per share data)
Bulldogs Inc .'s Income Statement
Year ended December 31, 2021
(in millions, except for per share data)
Year ended December 31
2020
2021
Assets
Total revenues
3,000
(2,200)
Cash and cash equivalents
Accounts receivable
Inventory
Total current assets
Gross fixed assets
190
560
200
Operating cost and expenses
ЕВITDA
Depreciation
Operating income (EBIT)
Interest expense
Income before tax
600
800
410
440
(300)
1,160
2,200
(900)
1,300
2,460
1,240
500
2,600
(100)
Accumulated depreciation
Net fixed assets
Total assets
(1,200)
1,400
2,640
400
Taxes (at 40%)
Net income
Dividends
Change in retained earnings
EPS
Dividends per share
(160)
240
(160)
80
Liabilities & Shareholders' Equity
Accounts payable
Notes payable
Accrued taxes & expenses
Total current liabilities
Long term debt
Total liabilities
Common stock
Additional paid-in capital
Retained earnings
Total shareholders' equity
Total liabilities & shareholders' equity
285
300
0.48
200
250
0.32
140
150
625
700
865
890
1,490
1,590
100
200
100
200
670
750
970
1,050
2,460
2,640
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