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
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
Section: Chapter Questions
Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....
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Question
Using the table below create SinCo's Income Statement and
Prior Year | Current Year | |
---|---|---|
Revenue | $4,000 | 5600 |
Cost of Good Sold | 1,600 | 2,520 |
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 |
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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