Question: This is more clear. Please can you answer step by step with calculations ? P1-68B (Learning Objective 4: Analyzing a company's financial statements) Summarized versions
This is more clear. Please can you answer step by step with calculations ? P1-68B (Learning Objective 4: Analyzing a company's financial statements) Summarized versions of Espinola Corporation's financial statements follow for two recent years. 20x7 20x6 (In Thousands) Income Statement Revenues k15,250 Cost of goods sold. Other expenses Income before income taxes Income taxes (35% tax rate). Net income 11,070 1,2801230 1,830 641 1,500 Statement of Changes in Equity e 3,260 Shares bought back (80) Net income.. Dividends (140) Ending balance Balance Sheet Assets: Cash Property, plant and Other a 2,100 1,750 10,404 13,419 Total assets Liabilities e 5,690 3,340 80 9250e f Current liabilities Notes payable and long-term debt4300 Other liabilities 60 Total liabilities Share capital Retained earnings 460E40 Total shareholders' equity Total liabilities and shareholders' equity Cash Flows Statement Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities x 850 (240) (325) 490 Increase (decrease) in cash (90) Cash at beginning of yea Cash at end of year 1,230 I Requirement 1. Complete Esptnola Corporation's financial statements by determining the missing amounts denoted by the letters
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
