Original Elvis Statements (Chapter 3 Assignment Example)

Original Elvis Statements (Chapter 3 Assignment Example) -...

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Elvis Products International Income Statement For the Year Ended Dec. 31, 2007 2007 2006 Sales 3,850,000 3,432,000 Cost of Goods Sold 3,250,000 2,864,000 Gross Profit 600,000 568,000 330,300 240,000 Fixed Expenses 100,000 100,000 Depreciation Expense 18,900 18,900 EBIT 150,800 209,100 Interest Expense 76,000 62,500 Earnings Before Taxes 74,800 146,600 Taxes 29,920 58,640 Net Income 44,880 87,960 Notes: Tax Rate 40% Note: The y all of years change all d This will al workbooks
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year in cell B4 is the one which s in this workbook depend on. To dates, change B4 to another year. lso be reflected in the text in these s.
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Elvis Products International Balance Sheet As of Dec. 31, 2007 Assets 2007 2006 Cash and Equivalents 39,900 57,600 Accounts Receivable 413,000 351,200 Inventory 836,000 715,200 Total Current Assets 1,288,900 1,124,000 527,000 491,000 Accumulated Depreciation 165,100 146,200 Net Fixed Assets 361,900 344,800 Total Assets 1,650,800 1,468,800
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Original Elvis Statements (Chapter 3 Assignment Example) -...

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