Question: Using the data presented below: Square Corp. Income Statement For the Year Ended Dec. 31, 2017 ($ in 000's) 2017 2016 Sales 7,250,000 6,750,000 Cost
Using the data presented below:
| Square Corp. |
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| Income Statement |
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| For the Year Ended Dec. 31, 2017 ($ in 000's) |
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| 2017 | 2016 |
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| Sales | 7,250,000 | 6,750,000 |
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| Cost of Goods Sold | 5,400,000 | 5,330,000 |
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| Gross Profit | ? | ? |
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| Selling and G&A Expenses | 965,000 | 632,000 |
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| Depreciation | 550,000 | 550,000 |
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| EBIT | ? | ? |
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| Interest Expense | 130,000 | 110,000 |
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| Earnings Before Taxes | ? | ? |
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| Taxes | ? | ? |
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| Net Income | ? | ? |
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| Notes: |
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| Tax Rate | 35.00% | 38.20% |
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| Shares Outstanding | 75,000 | 65,000 |
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| Square Corp. |
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| Balance Sheet |
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| As of Dec. 31, 2017 ($ in000's) |
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| Assets | 2017 | 2016 | |||
| Cash | 149,970 | 100,000 | |||
| Accounts Receivable | 370,000 | 347,000 | |||
| Inventory | 870,000 | 515,000 | |||
| Total Current Assets | ? | ? | |||
| Plant & Equipment | 6,570,000 | 5,010,000 | |||
| Accumulated Depreciation | ? | 1,380,000 | |||
| Net Fixed Assets | ? | ? | |||
| Total Assets | ? | ? | |||
| Liabilities and Owners' Equity |
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| Accounts Payable | 420,000 | 321,440 | |||
| Notes Payable | 166,625 | 22,960 | |||
| Total Current Liabilities | ? | ? | |||
| Long-term Debt | 1,350,000 | 918,400 | |||
| Total Liabilities | ? | ? | |||
| Common Stock | 2,520,000 | 2,043,440 | |||
| Additional Paid-in-Capital | 772,000 | 551,040 |
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| Retained Earnings | 734,720 | 734,720 |
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| Total Shareholder's Equity | ? | ? |
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| Total Liab. and Owners' Equity | ? | ? |
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a) Recreate the income statement and balance statement, and statement of cash flow. b) Create common-size income, balance, for 2017 & 2016 and cash flow statement ending 2017 c) Each statement should be on separate sheet, named appropriately
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