Question: Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are

Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current Year 5600 2.520 1525 340 580 172 ces 2,200 Prior Year Revenue $4,000 Cost of Good Sold 1.600 Depreciation 500 Inventory 300 SG&A 500 Interest Expenses 150 Common Stock and Paid-in Capital 2,200 Federal and State 1400 Taxes (35% of EBT) Accounts Payable 300 Accounts Receivable 400 Net Fixed Assets 15,000 Retained Earnings (Balance Sheet) 1.000 Long-Term Debt 2,000 Notes Payable 1.000 Dividends Paid 1410 Cash 800 Income Statement Questions 340 450 5000 2500 950 410 Income Statement Questions: What is Sin Co's EBITDA for the current year? What is SinCo's EBIT for the current year? What is SinCo's Net Income for the current year? Balance Sheet Questions: What is SinCo's current year's Retained Earnings What is the current year's Total Liabilities and Shareholders Equity What is SinCo's current year's Total Assets What is SinCo's current year's Cash Balance What is SinCo's current year's Total Current Assets
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
