Please create a balance sheet based on the following income and cash flow statements: PLEASE FILL...
Please create a balance sheet based on the following income and cash flow statements:
PLEASE FILL IN blank columm in balance sheet below for 2016
|
Income Statement |
2016 |
|
|
Sales |
655,150 |
|
|
Expenses excluding depreciation and amortization |
386,878 |
|
|
EBITDA |
268,272 |
|
|
Depreciation and amortization |
7,388 |
|
|
EBIT |
260,884 |
|
|
Interest expense |
8,574 |
|
|
EBT |
252,310 |
|
|
Taxes (20%) |
20% |
50,462 |
|
Net income |
201,848 |
|
|
Common dividends |
12,554 |
|
|
Addition to retained earnings |
189,294 |
|
|
Cash flow Statement |
2016 |
|
|
Operating Activities |
203,409 |
|
|
Net Income |
201,848 |
|
|
Depreciation and amortization |
7,388 |
|
|
Increase in accounts payable |
7,652 |
|
|
Increase in accruals (wages, utilities etc.) |
7,821 |
|
|
Increase in accounts receivable |
-17,838 |
|
|
Increase in inventories |
-3,462 |
|
|
Net cash provided by operating activities |
||
|
Investing Activities |
-32,117 |
|
|
Addition to property, plant, and equipment |
-32,117 |
|
|
Financing activities |
12,296 |
|
|
Increase in notes payable |
2,500 |
|
|
Increase in long-term debt |
12,350 |
|
|
Increase in common stock |
10,000 |
|
|
Payment of common dividends |
-12,554 |
|
|
Net change in cash |
183,588 |
|
Balance sheet for 2015 is below- Please give all numbers below but for year 2016- Balance sheet for 2016
Assets
----Current Assets 210,234
Cash 89,725
Accounts Receivable 85,527
Inventories 34,982
Net Fixed Assets 42,436
------Total Assets 252,670
Liabilities and Equity
----Current Liabilities 59,982
Accounts Payable 23,109
Accruals (wages, utilities etc.) 22,656
Notes Payable 14,217
Long-term Debt 63,914
Shareholder's Equity
Common Stock 90,000
Retained Earnings 38,774
Total Liabilities and Equity 252,670
Homework Answers
| 2015 | 2016 | ||
| Assets | |||
| ----Current Assets | |||
| Cash | 89,725 | 273313 | |
| Accounts Receivable | 85,527 | 103365 | |
| Inventories | 34,982 | 38444 | |
| Net Fixed Assets | 42,436 | 67165 | |
| ------Total Assets | 252,670 | 482,287 | |
| Liabilities and Equity | |||
| -------Current Liabilities | |||
| Accounts Payable | 23,109 | 30761 | |
| Accruals (wages, utilities etc.) | 22,656 | 30477 | |
| Notes Payable | 14,217 | 16717 | |
| Long-term Debt | 63,914 | 76264 | |
| Shareholder's Equity | |||
| Common Stock | 90,000 | 100000 | |
| Retained Earnings | 38,774 | 228068 | |
| Total Liabilities and Equity | 252,670 | 482,287 | |
Add Answer to:
Please create a balance sheet based on the following income and
cash flow statements:
PLEASE FILL...
Please create a balance sheet based on the following income and cash flow statements: for 2016...
Please create a balance sheet based on the following income and cash flow statements: for 2016 Income Statement 2016 Sales 655,150 Expenses excluding depreciation and amortization 386,878 EBITDA 268,272 Depreciation and amortization 7,388 EBIT 260,884 Interest expense 8,574 EBT 252,310 Taxes (20%) 20% 50,462 Net income 201,848 Common dividends 12,554 Addition to retained earnings 189,294 Cash flow Statement 2016 Operating Activities 203,409 Net Income 201,848 Depreciation and amortization 7,388 Increase in accounts payable 7,652 Increase in accruals (wages, utilities etc.)...
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The 2016 sales of Cumberland Industries were $455,000,000;
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10% of net fixed assets; interest expenses were $8,550,000; the
state-plus-federal corporate tax rate was 40%; and Cumberland paid
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