Using the table below, create SinCo's income statement for 2013 and 2014. (Do not round intermediate estimates.
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Question:
Using the table below, create SinCo's income statement for 2013 and 2014. (Do not round intermediate estimates. Round your answer to 2 decimal places.)
2013 | 2014 | |
---|---|---|
Revenue | $4,000 | 5252 |
cost of goods sold | 1,600 | 2,101 |
Depreciation | 500 | 524 |
Inventory | 300 | 335 |
selling, general and administrative expenses | 500 | 534 |
Interest expenses | 150 | 175 |
Common Stock and Paid-in Capital | 2,200 | 2,200 |
Federal and State Taxes (35% of EBT) | 400 | |
Accounts payable | 300 | 354 |
accounts receivable | 400 | 424 |
net fixed assets | 5,000 | 4962 |
Retained earnings (balance sheet) | 1,000 | |
long term debt | 2,000 | 2481 |
Pay | 1,000 | 1016 |
dividends paid | 410 | 410 |
Money | 800 |
What is SinCo's EBITDA for 2014? | |
What is SinCo's EBIT for 2014? | |
What is SinCo's net income for 2014? |
Now use the table above to create a balance sheet for 2013 and 2014.
What is SinCo's 2014 retained earnings? | |
What is total liabilities and shareholders' equity? | |
What are SinCo's total assets? | |
What is SinCo's 2014 Cash? | |
What is SinCo's total current assets in 2014? |
Use SinCo's income statement and balance sheet to create a statement of cash flows for 2014.
What is the cash flow from SinCo's operations? | |
What is the cash flow from SinCo's investments? | |
What is SinCo's Provision for Financing Assets? | |
What is SinCo's net change in cash? | |
What is SinCo's ending cash balance? |
Related Book For
Financial Analysis with Microsoft Excel
ISBN: 978-1285432274
7th edition
Authors: Timothy R. Mayes, Todd M. Shank
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