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Pitts Corporation E Balance Sheet Open with Google Docs Income Statement 2003 2004 2004 190 560 410 1,160 40% 200 600 440 1,240 ASSETS Cash and equivalents Accounts Receivable Inventory Total Current Assets Gross Fixed Assets Accumulated Depreciation Net Fixed Assets TOTAL ASSETS Total Revenues Cost of Goods Sold Gross Profit Operating Expenses EBITDA 3,000 1,200 1,800 33% 27% 1,000 800 2,200 2,600 (900) (1,200) 1,300 1,400 10% 17% 300 500 2,460 2,640 Depreciation EBIT (Operating Income) Interest Expense EBT (Pre-tax Income) 3% 13% 100 400 40% 285 200 140 625 300 250 150 700 Taxes Net Income 160 240 160 80 865 LIABILITIES AND EQUITY Accounts Payable Notes Payable Accrued Taxes and Expenses Total Current Liabilities Long-term Debt Common Stock Additional Paid-in-Capital Retained Earnings Total Shareholder's Equity TOTAL LIABILITIES AND EQUITY 890 Dividends Change in Retained Earnings Shares Outstanding EPS Dividends per Share 200 200 570 970 500 0.48 0.32 200 200 650 1,050 2,460 2,640 1. Prepare the Cash flow from Operations section from the Cash flow statement
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