Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.)
Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use...
Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Income Statement Sales Cost of goods sold Depreciation Selling & admin. expenses EBIT Interest expense Taxable income Taxes Net income 2017 $ 5,650,000 2,950,000 291,206 1,560,000 $848,800 146,000 $702,800 315,400 $ 387,400 Balance Sheet, Year-End AssetS 2017 2016 Cash Accounts receivable Inventory $ 47,300 640,000e 475,100 60,000 1,037, 500 721,700...
Problem 19-1 Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) $ 2017 5,780,000 3,062,000 384,500 Income Statement Sales Cost of foods sold Depreciation Selling & admin. expenses EBIT Interest expense Taxable income Тахе Net income 783,500 179,00 624,500 276,203 328.300 $ 2017 2016 40,000 582,000 432,100 $ 1,054,100 2,788,000 $ 3,842,100 $ 100,000 1.735.500 1,207,300 $ 3,042,869 7,140,000...
Problem 19-1 Use the financial statements of Helfer Sports Inc. to find the information below for Helfer (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Income Statement Sales Coat of goods sold Depreciation Selling & admin. expenses EBIT Interest expense Taxable income Taxes Net Income 2017 $ 5,630,000 2,936.000 289.400 1,550,000 854.600 138,000 716,600 320,300 396,300 Balance sheet, Year-End Assets 2017 2016 48.000 649.000 481.800 $1,179,200 3,060,000 4.239.200 $ 54,000 932.200 648,400 $1,634,600...
Problem 19-1 Use the financial statements of Helfer Sports Inc. to find the information below for Helfer (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Incora statement Sales Coat of goods sold Depreciation Selling admin. expensen ERIT 2017 $ 5.630.000 2,936,000 289.400 1,550,000 854.600 138,000 716.600 320, 300 396,300 Interest expense Taxable income Taxes Net income 2017 2016 48.000 649,000 481.800 $1,179,200 3,060,000 4.239.200 54,000 932.200 648,400 $1,634,600 3.793,000 $ 5,427,600 Balance sheet,...
Problem 19-1 Use the financial statements of Helfer Sports Inc. to find the information below for Helfer (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Incora statement Sales Coat of goods sold Depreciation Selling admin. expensen ERIT 2017 $ 5.630.000 2,936,000 289.400 1,550,000 854.600 138,000 716.600 320, 300 396,300 Interest expense Taxable income Taxes Net income 2017 2016 48.000 649,000 481.800 $1,179,200 3,060,000 4.239.200 54,000 932.200 648,400 $1,634,600 3.793,000 $ 5,427,600 Balance sheet,...
Problem 19-1 Use the financial statements of Helfer Sports Inc. to find the information below for Helfer (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Incora statement Sales Coat of goods sold Depreciation Selling admin. expensen ERIT 2017 $ 5.630.000 2,936,000 289.400 1,550,000 854.600 138,000 716.600 320, 300 396,300 Interest expense Taxable income Taxes Net income 2017 2016 48.000 649,000 481.800 $1,179,200 3,060,000 4.239.200 54,000 932.200 648,400 $1,634,600 3.793,000 $ 5,427,600 Balance sheet,...
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Problem 19-1 Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Income Statemernt 2017 $ 5,780,00 3,062,000 304,500 1,630,000 783,500 Sales Cost of goods sold Depreciation Selling & admin. expenses EBIT Interest expense Taxable income 179,000 604,500 Taxes 276,200 Net income 328,300 Balance Sheet, Year-End Assets Cash 2017 2016 100,000...
LARKER TOOL SA Statements of Financial Position December 31 Assets 2017 2016 Plant assets (net) R$600,300 R$520,300 Current assets Inventory R$110,950 R$115,500 Accounts receivable (net) 105,750 102,800 Short-term investments 69,000 50,000 Cash 60,100 345,800 64,200 332,500 Total assets R$946,100 R$852,800 Equity and Liabilities 2017 2016 Equity Share capital—ordinary (R$5 par) R$300,000 R$300,000 Retained earnings 242,600 165,000 Total equity 542,600 465,400 Bonds payable 200,000 200,000 Current liabilities Accounts payable 160,000 145,400 Income taxes payable 43,500 42,000 Total current liabilities 203,500 187,400...
LARKER TOOL SA Statements of Financial Position December 31 Assets 2017 2016 Plant assets (net) R$600,300 R$520,300 Current assets Inventory R$110,950 R$115,500 Accounts receivable (net) 105,750 102,800 Short-term investments 69,000 50,000 Cash 60,100 345,800 64,200 332,500 Total assets R$946,100 R$852,800 Equity and Liabilities 2017 2016 Equity Share capital—ordinary (R$5 par) R$300,000 R$300,000 Retained earnings 242,600 165,000 Total equity 542,600 465,400 Bonds payable 200,000 200,000 Current liabilities Accounts payable 160,000 145,400 Income taxes payable 43,500 42,000 Total current...
Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $60 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2018 2017 Sales $5,015,100 $4,620,700 Cost of goods sold (1,594,320) (1,466,770) Gross profit $3,420,780 $3,153,930 Selling expenses $(1,475,670) Administrative expenses $(1,229,360) (1,047,240) (2,276,600) (866,660) Total operating expenses (2,342,330) Operating income $1,144,180 $811,600...