Question: Using the table below create SinCo's Income Statement for 2013 and 2014. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2017

Using the table below create SinCo's Income Statement for 2013 and 2014.(Do not round intermediate calculations. Round your answer to 2 decimal places.)

2017 2018
Revenue $4,000 4053
Cost of Good Sold 1,600 1,702
Depreciation 500 505
Inventory 300 352
SG&A 500 545
Interest Expenses 150 160
Common Stock and Paid-in Capital 2,200 2,200
Federal and State Taxes (35% of EBT) 400
Accounts Payable 300 315
Accounts Receivable 400 437
Net Fixed Assets 5,000 5269
Retained Earnings (Balance Sheet) 1,000
Long-Term Debt 2,000 2338
Notes Payable 1,000 855
Dividends Paid 410 410
Cash 800

What is SinCo's EBITDA for 2014?
What is SinCo's EBIT for 2014?
What is SinCo's Net Income for 2014?

Now uses the above table to create a Balance Sheet for 2013 and 2014

What is SinCo's 2014 Retained Earnings
What is Total Liabilities and Shareholders Equity
What is SinCo's Total Assets
What is SinCo's 2014 Cash
What is SinCo's 2014 Total Current Assets

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