Financial Statements - Volkswagen Chattanooga TN USA Facility (hypothetical) Balance Sheet (in millions) Assets: Current assets:...

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Financial Statements - Volkswagen Chattanooga TN USA Facility (hypothetical) Balance Sheet (in millions) Assets: Current assets: Inventory $ 40 Other current assets $ 60 Total current assets $100 Long term assets: Equipment $200 less Accumulated depreciation $50 Net equipment assets $150 Other long-term assets $300 Total long-term assets $450 Total Assets $550 Liabilities and Equity: Current liabilities: Accrued Liabilities $ 25 Other current liabilities $ 30 Total current liabilities $ 55 Debt $145 Stockholders equity $350 Total liabilities and equity $550 Income Statement (in millions) Sales $800 Cost of goods sold $400 Gross profit $400 Operating expenses $250 Operating profit $150 Interest expense $ 50 Pretax profit $100 Taxes $ 30 Net income $ 70 Financial Statements - Volkswagen Chattanooga TN USA Facility (hypothetical) Balance Sheet (in millions) Assets: Current assets: Inventory $ 40 Other current assets $ 60 Total current assets $100 Long term assets: Equipment $200 less Accumulated depreciation $50 Net equipment assets $150 Other long-term assets $300 Total long-term assets $450 Total Assets $550 Liabilities and Equity: Current liabilities: Accrued Liabilities $ 25 Other current liabilities $ 30 Total current liabilities $ 55 Debt $145 Stockholders equity $350 Total liabilities and equity $550 Income Statement (in millions) Sales $800 Cost of goods sold $400 Gross profit $400 Operating expenses $250 Operating profit $150 Interest expense $ 50 Pretax profit $100 Taxes $ 30 Net income $ 70