Exercise \#1: Fill in the missing blanks in the following Income Statement \begin{tabular}{|c|c|c|} \hline Income...
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Accounting
Exercise \#1: Fill in the missing blanks in the following Income Statement \begin{tabular}{|c|c|c|} \hline Income Statement of ABC Electronics, Inc. & for fiscal year ending & December 31, 2018 \\ \hline Revenue & & [1] \\ \hline - Cost of Goods Sold (CoGS) & & 12,000 \\ \hline - Administrative and Selling Expenses & & 11,000 \\ \hline Earnings Before Interest, Taxes and Depreciation (EBITDA) & & 13,000 \\ \hline - Depreciation Expense (DEP) & & {[2]} \\ \hline Earnings Before Interest and Taxes (EBIT) & & 10,000 \\ \hline - Interest Expense (INT) & & [3] \\ \hline Earnings Before Taxes (EBT) = Taxable Income & & [4] \\ \hline -Tax@25\% . & & [5] \\ \hline Net Income (NI)= Earnings & & 6,000 \\ \hline \end{tabular} Exercises \#9-10: Consider the Income Statement of ABC Electronics in Exercise \#1 plus the following information. Accounts Receivable decreased by 500 ; Accounts Payable increased by 400 ; Net Fixed Assets decreased by 500 ; Long-Term Debt decreased by 400 . 9. Cash flow from operations was $. [17] 10. Free Cash Flow to the Firm was $ [18]
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