Use Bird Industry's summary financial statements to answer the following questions. Bird Industries, Inc. Balance Sheets 2016 $1,000 5,000 6,500 10,000 8,000 (1.000) $29,500 Cash Accounts receivable Inventories Land Other fixed assets Accumulated depreciation Total assets Accounts payable Bonds Common stock Retained earnings Total debt and equity $3,200 4,000 17,000 5,300 $29,500 Sales Cost of goods sold Gross profit Operating expenses Depreciation EBIT Interest expense EBT Taxes Net Income 2017 $? 6,000 6,000 12,000 9,000 (1.600) Bird Industries, Inc. Income Statement S? $ 6,800 4,000 16,000 5.000 $2 $84,000 66,400 $17,600 (13,000) (600) $4,000 (500) $3,500 (1,500) $2.000 Use Bird's financial statements to determine the total amount of Bird Industries' common stock dividend for 2017.

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
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Use Bird Industry's summary financial statements to answer the following questions.
Bird Industries, Inc.
Balance Sheets
2016
$1,000
5,000
6,500
Cash
Accounts receivable
Inventories
Land
Other fixed assets
Accumulated depreciation
Total assets
Accounts payable
Bonds
Common stock
Retained earnings
Total debt and equity
10,000
8,000
(1.000)
$29,500
$3,200
4,000
17,000
5,300
$29,500
Sales
Cost of goods sold
Gross profit
Operating expenses
Depreciation
EBIT
Interest expense
EBT
Taxes
Net Income
2017
S?
6,000
6,000
12,000
9,000
(1.600)
Bird Industries, Inc.
Income Statement
S?
$ 6,800
4,000
16,000
5.000
$?
$84,000
66.400
$17,600
(13,000)
(600)
$4,000
(500)
$3,500
(1,500)
$2,000
Use Bird's financial statements to determine the total amount of Bird Industries' common stock dividend for 2017.
Transcribed Image Text:Use Bird Industry's summary financial statements to answer the following questions. Bird Industries, Inc. Balance Sheets 2016 $1,000 5,000 6,500 Cash Accounts receivable Inventories Land Other fixed assets Accumulated depreciation Total assets Accounts payable Bonds Common stock Retained earnings Total debt and equity 10,000 8,000 (1.000) $29,500 $3,200 4,000 17,000 5,300 $29,500 Sales Cost of goods sold Gross profit Operating expenses Depreciation EBIT Interest expense EBT Taxes Net Income 2017 S? 6,000 6,000 12,000 9,000 (1.600) Bird Industries, Inc. Income Statement S? $ 6,800 4,000 16,000 5.000 $? $84,000 66.400 $17,600 (13,000) (600) $4,000 (500) $3,500 (1,500) $2,000 Use Bird's financial statements to determine the total amount of Bird Industries' common stock dividend for 2017.
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