Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Prior Year Current Year Revenue $4,000 4558 Cost of Good Sold 1,600 1,914 Depreciation 500 532 Inventory 300 322 SG&A 500 564 Interest Expenses 150 161 Common Stock and Paid-in Capital 2,200 2,200 Federal and State Taxes (35% of EBT) 400 Accounts Payable 300 313 Accounts Receivable 400 428 Net Fixed Assets 5,000 5432 Retained Earnings (Balance Sheet) 1,000 Long-Term Debt 2,000 2456 Notes Payable 1,000 759 Dividends Paid 410 410 Cash 800 Income Statement Questions: What is SinCo's EBITDA for the current year? What is SinCo's EBIT for the current year? What is SinCo's Net Income for the current year? Balance Sheet Questions: What is SinCo's current year's Retained Earnings What is the current year's Total Liabilities and Shareholders Equity What is SinCo's current year's Total Assets What is SinCo's current year's Cash Balance What is SinCo's current year's Total Current Assets
Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Prior Year Current Year Revenue $4,000 4558 Cost of Good Sold 1,600 1,914 Depreciation 500 532 Inventory 300 322 SG&A 500 564 Interest Expenses 150 161 Common Stock and Paid-in Capital 2,200 2,200 Federal and State Taxes (35% of EBT) 400 Accounts Payable 300 313 Accounts Receivable 400 428 Net Fixed Assets 5,000 5432 Retained Earnings (Balance Sheet) 1,000 Long-Term Debt 2,000 2456 Notes Payable 1,000 759 Dividends Paid 410 410 Cash 800 Income Statement Questions: What is SinCo's EBITDA for the current year? What is SinCo's EBIT for the current year? What is SinCo's Net Income for the current year? Balance Sheet Questions: What is SinCo's current year's Retained Earnings What is the current year's Total Liabilities and Shareholders Equity What is SinCo's current year's Total Assets What is SinCo's current year's Cash Balance What is SinCo's current year's Total Current Assets
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
| Prior Year | Current Year | |
|---|---|---|
| Revenue | $4,000 | 4558 |
| Cost of Good Sold | 1,600 | 1,914 |
| 500 | 532 | |
| Inventory | 300 | 322 |
| SG&A | 500 | 564 |
| Interest Expenses | 150 | 161 |
| Common Stock and Paid-in Capital | 2,200 | 2,200 |
| Federal and State Taxes (35% of EBT) | 400 | |
| Accounts Payable | 300 | 313 |
| 400 | 428 | |
| Net Fixed Assets | 5,000 | 5432 |
| 1,000 | ||
| Long-Term Debt | 2,000 | 2456 |
| Notes Payable | 1,000 | 759 |
| Dividends Paid | 410 | 410 |
| Cash | 800 |
Income Statement Questions:
| What is SinCo's EBITDA for the current year? | |
| What is SinCo's EBIT for the current year? | |
| What is SinCo's Net Income for the current year? |
Balance Sheet Questions:
| What is SinCo's current year's Retained Earnings | |
| What is the current year's Total Liabilities and Shareholders Equity | |
| What is SinCo's current year's Total Assets | |
| What is SinCo's current year's Cash Balance | |
| What is SinCo's current year's Total Current Assets |
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