Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current
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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.
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Revenue Cost of Good Sold Depreciation Inventory SG&A Interest Expenses Common Stock and Paid-in Capital Federal and State Taxes 400 (35% of EBT) Accounts Payable Accounts Receivable Net Fixed Assets Retained Earnings (Balance Sheet) Long-Term Debt Notes Payable Dividends Paid Prior Year $4,000 1,600 500 300 500 150 2,200 300 400 5,000 1,000 2,000 1,000 410 800 Cash 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? 5419 2,439 503 335 535 172 2,200 322 422 5560 2683 758 410 Balance Sheet Questions: What is SinCo's current year's Retained Earnings Current Year 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 Revenue Cost of Good Sold Depreciation Inventory SG&A Interest Expenses Common Stock and Paid-in Capital Federal and State Taxes 400 (35% of EBT) Accounts Payable Accounts Receivable Net Fixed Assets Retained Earnings (Balance Sheet) Long-Term Debt Notes Payable Dividends Paid Prior Year $4,000 1,600 500 300 500 150 2,200 300 400 5,000 1,000 2,000 1,000 410 800 Cash 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? 5419 2,439 503 335 535 172 2,200 322 422 5560 2683 758 410 Balance Sheet Questions: What is SinCo's current year's Retained Earnings Current Year 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 Answer:
Answer rating: 100% (QA)
AA55 1 2 3 Assets 4 Cash 1 x T U Balance Sheet as of Dec 31 Prior 5 Accounts Receivable 6 Inventorie... View the full answer
Related Book For
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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