90.2K

Verified Solution

Link Copied!

Could someone check my work to see if I did this correctly? Thanks!

\begin{tabular}{|lrr|} \hline Sales & $ & 611,413 \\ \hline Operaing Costs & $ & 426,847 \\ \hline Depreciation & $ & 8,000 \\ \hline Interest Expense & $ & 5,000 \\ \hline Tax Expense & $ & 29,408 \\ \hline Cash & $ & 1,000 \\ \hline Recievables & $ & 30,000 \\ \hline Inventories & $ & 71,141 \\ \hline Fixed Assets & $ & 50,000 \\ \hline Payables & $ & 11,000 \\ \hline Accrued Expenses & $ & 7,500 \\ \hline Long-Term Loan & $ & 50,000 \\ \hline Common Equity & $ & 83,641 \\ \hline \end{tabular} \begin{tabular}{|lrr|} \hline Inventories & $ & 71,141 \\ \hline Fixed Assets & $ & 50,000 \\ \hline Payables & $ & 11,000 \\ \hline Accrued Expenses & $ & 7,500 \\ \hline Long-Term Loan & $ & 50,000 \\ \hline Common Equity & $ & 83,641 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Current Assets & $ & 102,141 \\ \hline Total Assets & $ & 152,141 \\ \hline Current Liabilities & $ & 18,500 \\ \hline Total liabilities & $ & 68,500 \\ \hline EBITDA & $ & 184,566 \\ \hline Profits After Taxes & $ & 142,158 \\ \hline Total Debt and Liabilities & $ & 68,500 \\ \hline Inventory & $ & 71,141 \\ \hline Shareholder Equity & $ & 83,641 \\ \hline Total Interest Charges & $ & 5,000 \\ \hline Sales & $ & 611,413 \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert

See Answer