PLEASE PREPARE A STATEMENT OF OWNER'S EQUITY Assets Cash and equivalents Accounts receivable Inventories Total current assets
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Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock (5,000 shares) Retained earnings Common equity Total liabilities and equity Less: Depreciation & amortization EBIT Less: Interest EBT Less: Taxes (40%) Net Income Balance Sheet as of December 31, 2020 2020 2019 Sales Less: Operating costs excluding depreciation and amortization 170,000.00 EBITDA 44,000.00 5,000.00 39,000.00 1,750.00 37,250.00 14,900.00 22,350.00 Dividends paid 14,000.00 30,000.00 28,125.00 72,125.00 50,000.00 122,125.00 11,175.00 10,800.00 6,700.00 7,600.00 25,100.00 15,000.00 40,100.00 50,000.00 32,025.00 82,025.00 122,125.00 13,000.00 25,000.00 21,000.00 59,000.00 47,000.00 106,000.00 9,000.00 5,150.00 6,000.00 20,150.00 15,000.00 35,150.00 Income Statement for Year Ending December 31, 2020 214,000.00 50,000.00 20,850.00 70,850.00 106,000.00 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock (5,000 shares) Retained earnings Common equity Total liabilities and equity Less: Depreciation & amortization EBIT Less: Interest EBT Less: Taxes (40%) Net Income Balance Sheet as of December 31, 2020 2020 2019 Sales Less: Operating costs excluding depreciation and amortization 170,000.00 EBITDA 44,000.00 5,000.00 39,000.00 1,750.00 37,250.00 14,900.00 22,350.00 Dividends paid 14,000.00 30,000.00 28,125.00 72,125.00 50,000.00 122,125.00 11,175.00 10,800.00 6,700.00 7,600.00 25,100.00 15,000.00 40,100.00 50,000.00 32,025.00 82,025.00 122,125.00 13,000.00 25,000.00 21,000.00 59,000.00 47,000.00 106,000.00 9,000.00 5,150.00 6,000.00 20,150.00 15,000.00 35,150.00 Income Statement for Year Ending December 31, 2020 214,000.00 50,000.00 20,850.00 70,850.00 106,000.00
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Answer Statement of ended 31 December 202 Owners Eq... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Posted Date:
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