classmate example

classmate example - Stevens Textile: Balance Sheet as of...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Stevens Textile: Balance Sheet as of December 31, 2006 (Thousands of Dollars) 2006 Assets Cash  1,080  Short-term investments  -    Accounts Receivable  6,480  Inventories  9,000       Current assets  16,560  Net Plant and Equipment  12,600       Total assets  29,160  Liabilities Accounts payable  4,320  Notes payable  2,100  Accrurals  2,880       Current liabilities  9,300  Long-term bonds (Mortgage)  3,500       Total liabilities  12,800  Preferred stock  -    Common stock  3,500  Retained earnings  12,860       Common equity  16,360       Total liabilities and equity  29,160  TRUE Stevens Textile:  Income Statement for December 31, 2006 (Thousands of Dollars) Sales  36,000  Cost of goods sold  -    Other expenses  -    Costs before depreciation  32,440  Depreciation  -         Total operating costs  32,440       EBIT  3,560  Interest expense (less)  460       EBT  3,100  Taxes (40%)  1,240  0.4
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 8

classmate example - Stevens Textile: Balance Sheet as of...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online