Question

Calculate the Dupont equation for both years shown, 2012 and 2013.

Prepare a source and use statement for this company. What was the total use of funds?

a- 480

b- 450

c- 510

d- 470

e- None of the above

Income Statement Balance Sheet 2013 2012 2013 2012 3000 1800 Sales 140 100 as 2250 1350 COGS 200 440 Accts Rec 750 450 Gross Margin 220 120 Inventory 600 270 Oper Exp 800 420 Total Current Assets 50 30 Depr Exp 470 400 Gross Fixed Assets 100 150 EBIT -100 -120 Accumulated Fixed Assts 350 300 Net Fixed Assets 15 10 Interest Expense 1150 720 Total Assets 85 140 EBT 26 42 Tax 200 120 Accts Pay 300 100 Notes Pay 59 98 Net Income 220 500 Total Current Liabilities 321 200 Bonds 200 200 Common Stock 129 100 Retained Earning:s 1150 720 Total Liab and Equity

Answer 1

age casb O 1004O OSe Accounk Teceivable 0Ol3440 unds - 440-200 = Q40 ied asse 2013350

nds = 350-300-50 Nlet income 2013 q Tas 610 Total ube ofnds5o