Sunset Boards - Income Statement Sales COGS Gross Profit...

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Income Statement 2009 2010 Calculation Sales COGS Gross Profit Depreciation EBIT Interest EBT Taxes (20%) Net Income Dividends Addition to Retained Earnings $277,855 $338,688 given $141,641 $178,839 given $136,214 $159,849 Sales - COGS $39,983 $45,192 given $27,854 $36,355 given $68,377 $78,302 $8,702 $9,962 given $59,675 $68,340 EBIT - Interest $11,935 $13,668 20% of EBT $47,740 $54,672 EBT - Taxes $23,870 $27,336 50% of Net Income $23,870 $27,336 Net Income - Dividends Balance Sheet Assets 2009 2010 Calculation Liabilities 2009 2010 Calculation Cash $20,437 $30,880 given A/P $36,120 $40,908 given A/R $14,482 $18,785 given Notes Payable $16,464 $17,976 given Inventory $30,475 $41,821 given Current Liabilities $52,584 $58,884 A/P + Notes Payable Current Assets $65,394 $91,486 Cash + A/R + Inventory Long-Term Debt $89,040 $102,480 given Net Fixed Assets $176,400 $214,184 given Total Liabilities $141,624 $161,364 Current Liabilities + Long-Term Debt
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This note was uploaded on 04/05/2011 for the course FIN 350 taught by Professor Debruinne during the Winter '11 term at Grand Valley State.

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