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Chapter 2 Problem 15 Build a Model help

# Chapter 2 Problem 15 Build a Model help - Chapter 2 2-15 a...

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Chapter 2. 2-15 Lan & Chen Technologies: Income Statements for Year Ending December 31 (Thousands of Dollars) 2010 2009 Sales \$945,000 \$900,000 Expenses excluding depreciation and amortization 812,700 774,000 EBITDA \$132,300 \$126,000 Depreciation and amortization 33,100 31,500 EBIT \$99,200 \$94,500 Interest Expense 10,470 8,600 EBT \$88,730 \$85,900 Taxes (40%) 35,492 34,360 Net income \$53,238 \$51,540 Common dividends \$43,300 \$41,230 Addition to retained earnings \$9,938 \$10,310 (Thousands of Dollars) Assets 2010 2009 Cash and cash equivalents \$47,250 \$45,000 Short-term investments 3,800 3,600 Accounts Receivable 283,500 270,000 Inventories 141,750 135,000 Total current assets \$476,300 \$453,600 Net fixed assets 330,750 315,000 Total assets \$807,050 \$768,600 Liabilities and equity Accounts payable \$94,500 \$90,000 Accruals 47,250 45,000 Notes payable 26,262 9,000 Total current liabilities \$168,012 \$144,000 Long-term debt 94,500 90,000 Total liabilities

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Chapter 2 Problem 15 Build a Model help - Chapter 2 2-15 a...

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