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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 4431 Cost of Good Sold 1,600 1,861 Depreciation 500 534 Inventory 300 335 SG&A 500 573 Interest Expenses 150 177 Common Stock and Paid-in Capital 2,200 2,200 Federal and State Taxes (35% of EBT) 400   Accounts Payable 300 317 Accounts Receivable 400 455 Net Fixed Assets 5,000 5305 Retained Earnings (Balance Sheet) 1,000   Long-Term Debt 2,000 2661 Notes Payable 1,000 888 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 4431 Cost of Good Sold 1,600 1,861 Depreciation 500 534 Inventory 300 335 SG&A 500 573 Interest Expenses 150 177 Common Stock and Paid-in Capital 2,200 2,200 Federal and State Taxes (35% of EBT) 400   Accounts Payable 300 317 Accounts Receivable 400 455 Net Fixed Assets 5,000 5305 Retained Earnings (Balance Sheet) 1,000   Long-Term Debt 2,000 2661 Notes Payable 1,000 888 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

Essentials Of Investments
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
Section: Chapter Questions
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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 4431
Cost of Good Sold 1,600 1,861
Depreciation 500 534
Inventory 300 335
SG&A 500 573
Interest Expenses 150 177
Common Stock and Paid-in Capital 2,200 2,200
Federal and State Taxes (35% of EBT) 400  
Accounts Payable 300 317
Accounts Receivable 400 455
Net Fixed Assets 5,000 5305
Retained Earnings (Balance Sheet) 1,000  
Long-Term Debt 2,000 2661
Notes Payable 1,000 888
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  
Expert Solution
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We need to cast the financial statements for both they years first. Then based on the financial statements, we have to answer the questions that follow.

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