Question

Find the missing Parts of the Balance Sheet:

Cash	[ Select ] ["25", "30", "20"]	Accounts Payable	12
Accounts Receivables	15	Accruals	[ Select ] ["15", "20", "10"]
Inventories	20	Notes Payable	20
Current Assets	[ Select ] ["45", "55", "60"]	Current Liabilities	[ Select ] ["30", "18", "42"]
Gross Fixed Assets	45	Long Term Debt	30
Depreciation	8
Net fixed Assets	37	Common Stock	20
		Retained Earnings	5
Total Fixed Assets	97	Common Equity	25
		Total Liabilities and Owners Equity	[ Select ] ["90", "97", "125"]

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<p>A company has 1,000 shares outstanding and an EPS of $0.09</p> <p>Fill the missing part of the Income statement below.</p> <table style="width: 41.49%; height: 300px; border-collapse: collapse;" border="1"> <tbody> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px;">Sales</td> <td style="width: 13.9%; height: 25px;">1000</td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px;">COGS</td> <td style="width: 13.9%; height: 25px;"> <select class='question_input' name='question_174204_8cf7fcaa783454578db015f182234596'> <option value=''> [ Select ] </option> ["<option value='7559'>400</option>", "<option value='2153'>500</option>", "<option value='5313'>600</option>"] </select> </td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px; text-align: right;">Gross Profit</td> <td style="width: 13.9%; height: 25px;"> <select class='question_input' name='question_174204_0cf64de1e68fe25995eb575826f79f39'> <option value=''> [ Select ] </option> ["<option value='5882'>400</option>", "<option value='2352'>500</option>", "<option value='1503'>600</option>"] </select> </td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px;">Period Costs</td> <td style="width: 13.9%; height: 25px;">200</td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px;">Depreciation</td> <td style="width: 13.9%; height: 25px;">100</td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px; text-align: right;">EBIT</td> <td style="width: 13.9%; height: 25px;"> <select class='question_input' name='question_174204_44e20fb2eb0f1e2ab3e168bb3f65d9b1'> <option value=''> [ Select ] </option> ["<option value='9685'>300</option>", "<option value='8668'>400</option>", "<option value='6820'>200</option>"] </select> </td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px;">I</td> <td style="width: 13.9%; height: 25px;">80</td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px; text-align: right;">EBT</td> <td style="width: 13.9%; height: 25px;"> <select class='question_input' name='question_174204_11f3eac724e57a757bd51c8e6d8f5dc7'> <option value=''> [ Select ] </option> ["<option value='7218'>210</option>", "<option value='2414'>120</option>", "<option value='3418'>140</option>"] </select> </td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px;">TAXES 25%</td> <td style="width: 13.9%; height: 25px;"> <select class='question_input' name='question_174204_10eaac72ffaa22152347a22e8e85654b'> <option value=''> [ Select ] </option> ["<option value='3076'>35</option>", "<option value='202'>30</option>", "<option value='294'>40</option>"] </select> </td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px;">Net Income</td> <td style="width: 13.9%; height: 25px;"> <select class='question_input' name='question_174204_d7afeb973c3fea3b436a7eeabb83e5a0'> <option value=''> [ Select ] </option> ["<option value='9759'>120</option>", "<option value='1339'>90</option>", "<option value='4398'>80</option>"] </select> </td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px;"></td> <td style="width: 13.9%; height: 25px;"></td> </tr> <tr style="height: 25px;"> <td style="width: 27.59%; height: 25px;"></td> <td style="width: 13.9%; height: 25px;"></td> </tr> </tbody> </table> <p> </p>

A company has 1,000 shares outstanding and an EPS of $0.09

Fill the missing part of the Income statement below.

Sales	1000
COGS	[ Select ] ["400", "500", "600"]
Gross Profit	[ Select ] ["400", "500", "600"]
Period Costs	200
Depreciation	100
EBIT	[ Select ] ["300", "400", "200"]
I	80
EBT	[ Select ] ["210", "120", "140"]
TAXES 25%	[ Select ] ["35", "30", "40"]
Net Income	[ Select ] ["120", "90", "80"]

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Attempt due: Feb 17 at 11:59pm

Answer 1

Answer:

Total Assets = Current Assets + Net Fixed Assets
$97 = Current Assets + $37
Current Assets = $60

Current Assets = Cash + Accounts Receivable + Inventories
$60 = Cash + $15 + $20
Cash = $25

Total Assets = Total Liabilities and Owners Equity
$97 = Total Liabilities and Owners Equity

Total Liabilities and Owners Equity = Current Liabilities + Long Term Debt + Common Euqity
$97 = Current Liabilities + $30 + $25
Current Liabilities = $42

Current Liabilities = Accounts Payable + Accruals + Notes Payable
$42 = $12 + Accruals + $20
Accruals = $10