Question: Solve for ?. Please include an explanation if possible. Thank you! Income Statement Balance Sheet This Year Revenue Next Year $10,000 Total assets 9,000 Liabilities
Income Statement Balance Sheet This Year Revenue Next Year $10,000 Total assets 9,000 Liabilities & equity: Next Year $3,000 $1,000 Operating expenses EBIT 1,000 Current liabilities 300 $ 700 Interest (10%) 100 2 2 Long-term debt ? Equity EBT 600 2 Taxes (40%) Earnings after tax 2 Total liabilities & equity $1,000 $3,000
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