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

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. Prior Year Current Year Revenue 4304 Cost of Good Sold 2,109 501 Depreciation $4,000 1,600 500 300 500 150 341 Inventory SG&A 516 179 Interest Expenses Common Stock and Paid-in Capital 2.200 2,200 352 446 5085 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) Long-Term Debt 2,000 Notes Payable 1,000 Dividends Paid 410 2501 1070 410 Cash 800 Income Statement Questions: What is SinCo's EBITDA for the current year? What is SinCo's EBIT for the current year? What is SinCo's Net Income for the current Iyear? 1679 1151 1178 1768 1768 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!