Tutorial 1 Answers.pdf - Student Assignment Tutorial 1 Date Finance Risk Management for IB Student Use the following data to answer the following

Tutorial 1 Answers.pdf - Student Assignment Tutorial 1 Date...

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Student:_____________ Assignment: Tutorial 1 Date: _____________ Finance & Risk Management for IB Student:_____________ Use the following data to answer the following questions: Partial Income Statement Year Ending 2015 Sales revenue €350,000 Cost of goods sold €140,000 Fixed costs €43,000 Selling, general, and administrative expenses €28,000 Depreciation €46,000 EBIT 93,000 Interest Expense 18,000 Taxable Income 75,000 Tax 30,000 Net Income 45,000 Partial Balance Sheet 12/31/2014 ASSETS (in €) LIABILITIES (in €) Cash 16,000 Notes payable 14,000 Accounts receivable 28,000 Accounts payable 19,000 Inventories 48,000 Current Liabilities 33,000 Current Assets 92,000 Long-term debt 190,000 Gross Fixed assets 368,000 Retained earnings 47,000 Accumulated depreciation (-) 142,000 Common stock 130,000 Intangible assets 82,000 Owners’ Equity (in €) 177,000 Total Assets 400,000 Total Liabilities 400,000 Partial Balance Sheet 12/31/2015 ASSETS (in €) LIABILITIES (in €) Cash 26,000 Notes payable 12,000 Accounts receivable 19,000 Accounts payable 24,000 Inventories 53,000 Current Liabilities 36,000 Current Assets 98,000 Long-term debt 162,000 Gross Fixed assets 448,000 Retained earnings 62,000 Accumulated depreciation (-) 188,000 Common stock 180,000 Intangible assets 82,000 Owners’ Equity (in €) 242,000 Total Assets 440,000 Total Liabilities 440,000 The company paid interest expense of €18,000 and had an overall tax rate of 40% for 2015.
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