# Laiho Industries Financial Overview: 2020 and 2021## Balance Sheets as of December 31 (thousands of dollars)| Account | 2021 | 2020 ||--------------------------|------------|------------|| **Cash** | $103,013 | $89,685 || **Accounts Receivable** | 103,108 | 85,708 || **Inventories** | 37,155 | 33,809 || **Total Current Assets** | 243,276 | 209,202 || **Net Fixed Assets** | 66,107 | 41,616 || **Total Assets** | 309,383 | 250,818 || **Accounts Payable** | 30,823 | 22,190 || **Accruals** | 30,366 | 21,920 || **Notes Payable** | 15,132 | 12,782 || **Total Current Liabilities** | 76,321 | 56,892 || **Long-term Debt** | 76,643 | 63,593 || **Total Liabilities** | 152,964 | 120,485 || **Common Stock** | 95,000 | 85,000 || **Retained Earnings** | 61,419 | 45,333 || **Total Common Equity** | 156,419 | 130,333 || **Total Liabilities and Equity** | 309,383 | 250,818 |The data mentioned above has been collected in a Microsoft Excel file, which can be accessed through the link below. Please follow the instructions for the analysis, ensuring accuracy by not rounding intermediate calculations. Outputs should be in thousands. For example, $1,000 should be entered as 1. Round to the nearest whole number and use a minus sign for negative values.[Download spreadsheet Financial Statements, Cash Flow, and Taxes](#)## Additional Information for Income Statement Construction- **Sales for 2021**: $448,650,000- **EBITDA**: 14% of sales- **Depreciation and Amortization**: **Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars)**- **Sales** - (Blank for input) $- **Operating costs excluding depreciation and amortization** - (Blank for input) $- **EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)** - (Blank for input) $- **Depreciation and amortization** - (Blank for input) $- **EBIT (Earnings Before Interest and Taxes)** - (Blank for input) $- **Interest** - (Blank for input) $- **EBT (Earnings Before Tax)** - (Blank for input) $- **Taxes (25%)** - (Blank for input) $- **Net Income** - (Blank for input) $- **Common dividends** - (Blank for input) $- **Addition to retained earnings** - (Blank for input) $**b. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flows.***Hint:* The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year.**Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars)**| | Common Stock | Retained Earnings ||----------------------|--------------|-------------------|| Balances, December 31, 2020 | (Blank for input) $| (Blank for input) $|| Common stock issue | (Blank for input) $| || 2021 Net income | | (Blank for input) $|| Cash dividends | | (Blank for input) $|| Addition to retained earnings | | (Blank for input) $|| **Balances, December 31, 2021** | (Blank for input) $| (Blank for input) $|The document serves as a template for calculating financial statements, with spaces provided for inputting data for analysis.

Name: # Laiho Industries Financial Overview: 2020 and 2021## Balance Sheets
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: # Laiho Industries Financial Overview: 2020 and 2021## Balance Sheets as of December 31 (thousands of dollars)| Account | 2021 | 2020 ||--------------------------|------------|------------|| **Cash** | $1

Answered: Cash Accounts receivable Inventories…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Particulars	(in thousands)
Sales	$448,650
Multiply by:% of EBITDA	14%.
EBITDA	$62,811
Depreciation and amortization ($66,107 x 19%)	-$12,560
EBIT	$50,251
Interest expense	-$8806
EBT	$41,445
Taxes ($41445 x 25%)	-$10361
Net income	$31084
Multiply by: Dividend pay out ratio	48.25%
DIVIDENDS	$14998