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 5600 Cost of Good Sold 1,600 2,520 Depreciation 500 525 Inventory 300 340 SG&A 500 580 Interest Expenses 150 172 Common Stock and Paid-in Capital 2,200 2,200 Federal and State Taxes (35% of EBT) 400   Accounts Payable 300 340 Accounts Receivable 400 450 Net Fixed Assets 5,000 5000 Retained Earnings (Balance Sheet) 1,000   Long-Term Debt 2,000 2500 Notes Payable 1,000 950 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

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
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Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....
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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 5600
Cost of Good Sold 1,600 2,520
Depreciation 500 525
Inventory 300 340
SG&A 500 580
Interest Expenses 150 172
Common Stock and Paid-in Capital 2,200 2,200
Federal and State Taxes (35% of EBT) 400  
Accounts Payable 300 340
Accounts Receivable 400 450
Net Fixed Assets 5,000 5000
Retained Earnings (Balance Sheet) 1,000  
Long-Term Debt 2,000 2500
Notes Payable 1,000 950
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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