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I'm looking for some help filling in the missing Income Statement and Balance Sheet information below:
Income Statement:
Sales 1,000,000
Cost of goods sold ??
Depreciation 100,000
SG&A expense ??
EBIT ??
Interest expense 50,000
Tax expense 20,000
Net income ??
Balance Sheet:
Cash 100,000 Accounts Payable 100,000
Accounts Receivable 50,000 Other current liabilities ???
Inventory ??? Total current liabilities ???
Current Assets ??? Long term debt 100,000
Fixed Assets 200,000 Total Liabilities ???
Intangible Assets 0 Total equity ???
Total Assets ???
Notable financial ratios:
Cost of goods sold/revenue: 70%
SG&A expenses/revenue: 10%
Current ratio: .73333333
Inventory turns: 10
Dividend yield: 5%
Price earnings ratio: 20
Answer & Explanation
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