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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