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 Sheetfor the Prior Year and Current Year, and then answer the questions

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.) Prior Year Current Year Revenue $4,000 4835 Cost of Good Sold 1,600 2,127 Depreciation 500 524 Inventory 300 343 SG&A 500 512 173 2.200 Interest Expenses 150 Common Stock and 2,200 Paid-in Capital Federal and State Taxes 400 (35% of EBT) Accounts Payable 300 Accounts Receivable 400 Net Fixed Assets 5,000 Retained Earnings 1,000 (Balance Sheet) 345 460 4948 Long-Term Debt 2,000 2609 844 410 Notes Payable 1,000 Dividends Paid 410 Cash 800 Income Statement Questions: What is SinCo's EBITDA for the current year? What is Sin Co'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

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!