Question

I calculated Net income and total liabilities, but don't know how to find the others, please help!

Jet Company's summarized financial statement information for the beginning of the year is as follows:

 

Marketable Securities  $50,000

All Other Assets  $150,000

Total Liabilities $80,000

Total Stockholders' Equity $120,000

 

During the year, Jet had Revenue of $86,000, Expenses of $48,000 and paid cash dividends of $6,000.  Marketable Securities increased in value by 6% , liabilities remained unchanged for the year and Jet had 15,000 shares outstanding all year.  Calculate the information that Jet would report on its financial statements at the end of the year.

 

what is net income, total assets, total liabilities, total equity, and earnings per share?

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