Using the table below create SinCo's Income Statement for 2013 and 2014.(Do not round intermediate calculations. Round your answer to 2 decimal places.)
2013 2014
Revenue $4,000 5252
Cost of Good Sold 1,600 2,101
Depreciation 500 524
Inventory 300 335
SG&A 500 534
Interest Expenses 150 175
Common Stock and Paid-in Capital 2,200 2,200
Federal and State Taxes (35% of EBT) 400
Accounts Payable 300 354
Accounts Receivable 400 424
Net Fixed Assets 5,000 4962
Retained Earnings (Balance Sheet) 1,000
Long-Term Debt 2,000 2481
Notes Payable 1,000 1016
Dividends Paid 410 410
Cash 800
What is SinCo's EBITDA for 2014?
What is SinCo's EBIT for 2014?
What is SinCo's Net Income for 2014?
Now uses the above table to create an Balance Sheet for 2013 and 2014
What is SinCo's 2014 Retained Earnings
What is Total Liabilities and Shareholders Equity
What is SinCo's Total Assets
What is SinCo's 2014 Cash
What is SinCo's 2014 Total Current Assets
Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for 2014.
What is SinCo's Cash Flow from Operations
What is SinCo's Cash Flow from Investments
What is SinCo's Provide by Financing Actives
What is SinCo's Net change in cash
What is SinCo's Ending Cash Balance
Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows? TrueFalse
