Balance sheet of firm is given

Assets
Cash		$109,110	$89,630
Accounts receivable		102,632	84,629
Inventories		36,719	33,325
Total current assets		$248,461	$207,584
Net fixed assets		67,520	41,963
Total assets		$315,981	$249,547
Liabilities and equity
Accounts payable		$29,914	$21,320
Accruals		28,852	21,636
Notes payable		15,228	12,438
Total current liabilities		$73,994	$55,394
Long-term debt		77,441	63,441
Total liabilities		$151,435	$118,835
Common stock		101,500	89,000
Retained earnings		63,046	41,712
Total common equity		$164,546	$130,712
Total liabilities and equity		$315,981	$249,547
Laiho Industries: financial information for 2021
(in thousands of dollars)
Sales		$466,650
EBITDA as a percentage of sales		16%
Depr. as a % of fixed assets		17%
Tax rate		25%
Interest expense		$9,260
Dividend payout ratio		47.25%

Required

a. Constructing  an income statement 

b. statement of cash flows

c.  statement of stockholders' equity for the year ending December 31, 2021,

Answer rating: 100% (QA)

a Income Statement Laiho Industries Income Statement for the Year Ending December 31 2021 in thousan... View the full answer