Use the following financial statements for Garners' Platoon Mental Health Care, Inc., to calculate and interpret the
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Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Garners' Platoon Mental Health Care, Inc. Balance Sheet as of December 31,2018 n millions of dollars Assets Liabilities and Equity Current assets: Current liabilities Cash andmarketable Accrued wages and S 247 $ 186 652 1035 $1,934 taxes Accountspayable Notespayable 510 513 $1,209 Accounts receivable Inventory Total Total Fixed assets Long-tem debt: $1,818 Gross plant and equipment $3,419 Stockholders' equity: Less: Depreciation Net plant and 494 Preferred stock (35 million shares) S 35 375 1.947 Common stock and $2,925 525 $3,450 paid-in suiplus (375 million shares) equipment Other long-term assets Total Retained eamings Total $2,357 Totalassets S5384 Totalliabilities and equity S5384 Garners' Platoon Mental Health Care, Inc. Income Statement for Year Ending December 31,2018 millions of dollars Net sales (all credit) Less: Cost of goods sold Gross profits Less: Depreciation and other operating expenses Eamings before interest andtaxes (EBIT Less: Interest Eamings b Less: Taxes Net income $2,964 $1,544 $1,424 efore taxes(EBT) $1,237 456 S 781 Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained eamings $35 746 S 375 S 371 Per (common) share data Eamings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $1.989 $1.000 $6.192 $8.420
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