Financial Analysis Assignment (To be completed on Spreadsheet) Constructing an Income Statement. Using...

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Accounting

Financial Analysis Assignment
(To be completed on Spreadsheet)
Constructing an Income Statement. Using the income and expense account information for
Orange Products Inc. listed below, construct an income statement for the year ended 31st
December, 2023.
Shares outstanding: 1,575,000
Tax rate: 35%
Interest expense: $3,540,000
Revenue: $950,500,000
Depreciation: $50,000,000
Selling, general, and administrative expense: $85,000,000
Other income: $1,350,000
Research and development: $5,200,000
Cost of goods sold: $730,000,000
Constructing a Balance Sheet. Construct Orange Incorporated's 2023 year-end Balance Sheet
using the asset, liability, and equity accounts listed below:
Retained Earnings $60,500,000
Accounts Payable $57,000,000
Accounts Receivable $43,000,000
Common Stock $89,676,000
Cash $6,336,000
Short Term Debt $1,500,000
Inventory $42,000,000
Goodwill $30,000,000
Long Term Debt $74,000,000
Other Non-Current Liabilities $15,000,000
PP&E $225,000,000
Other Non-Current Assets $14,000,000
Long-Term Investments $25,340,000
Other Current Assets $12,000,000
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