Intro
Use the following information to answer the questions:
Assets
Liabilities and Equity
Cash
10,000
Accounts payable
19,000
Marketable securities
4,000
Notes payable
8,000
Accounts receivable
10,000
Current liabilities
27,000
Inventory
26,000
Long-term debt
80,000
Current assets
50,000
Total liabilities
107,000
Machines
42,000
Paid-in capital
30,000
Real estate
60,000
Retained earnings
15,000
Net fixed assets
102,000
Equity
45,000
Total assets
152,000
Total liab. & equity
152,000
Line item
Value
Sales
730,000
Operating expenses
598,600
Depreciation
25,000
EBIT
106,400
Interest
8,000
Taxable income
98,400
Taxes
32,472
Net income
65,928
The company has 30,000 shares outstanding, each currently trading at $21.6.