Question: Using the data presented below: Square Corp. Square Corp. Income Statement Balance Sheet For the Year Ended Dec. 31, 2017 ($ in 000's) As of

Using the data presented below:

Square Corp.

Square Corp.

Income Statement

Balance Sheet

For the Year Ended Dec. 31, 2017 ($ in 000's)

As of Dec. 31, 2017 ($ in 000's)

2017

2016

Assets

2017

2016

Sales

7,250,000

6,750,000

Cash

149,970

100,000

Cost of Goods Sold

5,400,000

5,330,000

Accounts Receivable

370,000

347,000

Gross Profit

?

?

Inventory

870,000

515,000

Selling and G&A Expenses

965,000

632,000

Total Current Assets

?

?

Depreciation

?

550,000

Plant & Equipment

6,570,000

5,010,000

EBIT

335,000

?

Accumulated Depreciation

1,930,000

1,380,000

Interest Expense

?

110,000

Net Fixed Assets

?

?

Earnings Before Taxes

205,000

?

Total Assets

?

?

Taxes

?

?

Liabilities and Owners' Equity

Net Income

133,250

79,100

Accounts Payable

420,000

321,440

Notes Payable

166,625

22,960

Notes:

Total Current Liabilities

?

?

Tax Rate

?

?

Long-term Debt

1,350,000

918,400

Shares Outstanding

75,000

65,000

Total Liabilities

?

?

Earnings per Share

?

?

Common Stock

2,520,000

2,043,440

Dividends per Share

?

?

Additional Paid-in-Capital

772,000

551,040

Addition to RE per Share

?

?

Retained Earnings

734,720

734,720

Dividend Payout Ratio

60%

Total Shareholder's Equity

?

?

Total Liab. and Owners' Equity

?

?

  1. Recreate the income statement and balance sheet by filling in the question marks with formulas. Each statement should be on a separate worksheet. Try to duplicate the formatting exactly. Note that in 2016, 60% of earnings were paid to shareholders as dividends.
  2. On another worksheet, create a statement of cash flows for 2017. Use formulas linked directly to the source on previous worksheets instead of numbers.
  3. Create a common-size income statement and balance sheet for 2017 and 2016. These statements should be created on a separate worksheet with all formulas linked directly to the income statement and balance sheet. add formulas please

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