Using the table below, create SinCo's income statement for 2013 and 2014 (Do not round intermediate estimates Round your answer to 2 decimal places ) 2013 2014 Revenue $4,000 5252 cost of goods sold 1,600 2,101 Depreciation 500 524 Inventory 300 335 selling, general and administrative expenses 500 534 Interest expenses 150 175 Common Stock and Paid in Capital 2,200 2,200 Federal and State Taxes (35 of EBT) 400 Accounts payable 300 354 accounts receivable 400 424 net fixed assets 5,000 4962 Retained earnings (balance sheet) 1,000 long term debt 2,000 2481 Pay 1,000 1016 dividends paid 410 410 Money 800 What is SinCo's EBITDA for 2014 What is SinCo's EBIT for 2014 What is SinCo's net income for 2014 Now use the table above to create a balance sheet for 2013 and 2014 What is SinCo's 2014 retained earnings What is total liabilities and shareholders' equity What are SinCo's total assets What is SinCo's 2014 Cash What is SinCo's total current assets in 2014 Use SinCo's income statement and balance sheet to create a statement of cash flows for 2014 What is the cash flow from SinCo's operations What is the cash flow from SinCo's investments What is SinCo's Provision for Financing Assets What is SinCo's net change in cash What is SinCo's ending cash balance

Question: Using the table below, create SinCo's income statement for 2013 and 2014. (Do not round intermediate estimates. Round your answer to 2 decimal places.) 2013

Using the table below, create SinCo's income statement for 2013 and 2014. (Do not round intermediate estimates. Round your answer to 2 decimal places.)

	2013	2014
Revenue	$4,000	5252
cost of goods sold	1,600	2,101
Depreciation	500	524
Inventory	300	335
selling, general and administrative expenses	500	534
Interest expenses	150	175
Common Stock and Paid-in Capital	2,200	2,200
Federal and State Taxes (35% of EBT)	400
Accounts payable	300	354
accounts receivable	400	424
net fixed assets	5,000	4962
Retained earnings (balance sheet)	1,000
long term debt	2,000	2481
Pay	1,000	1016
dividends paid	410	410
Money	800

What is SinCo's EBITDA for 2014?
What is SinCo's EBIT for 2014?
What is SinCo's net income for 2014?

Now use the table above to create a balance sheet for 2013 and 2014.

What is SinCo's 2014 retained earnings?
What is total liabilities and shareholders' equity?
What are SinCo's total assets?
What is SinCo's 2014 Cash?
What is SinCo's total current assets in 2014?

Use SinCo's income statement and balance sheet to create a statement of cash flows for 2014.

What is the cash flow from SinCo's operations?
What is the cash flow from SinCo's investments?
What is SinCo's Provision for Financing Assets?
What is SinCo's net change in cash?
What is SinCo's ending cash balance?

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To create SinCos income statement for 2013 and 2014 we can use the given information Income Statement for 2013 Revenue 4000 Cost of Goods Sold 1600 Depreciation 500 Inventory 300 Selling General and A... View full answer

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