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
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
Problem 1PS
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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 | 4431 |
| Cost of Good Sold | 1,600 | 1,861 |
| 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 |
| 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
Step 1
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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