calculate common size INCOME STATEMENT 2021 2022 Total sales Cost of goods sold Administrative expense $70,911,420 $48,113,332 $13,785,239 $85,218,840 57,181,806 16,873,362 Earnings before interest, taxes, depreciation & amortization (EBITDA) 9,012,849 11,163,672 Depreciation Earnings before interest & taxes.(EBIT) Interest expense Earnings Before Taxes (EBT) 1,700,510 2,027,160 9,136,512 1,603,312 7,533,200 1,581,972 5,951,228 1,487,807 4,463,421 7,312,339 1,390,284 5,922,055 Taxes 1,243,632 4,678,423 1,169,606 3,508,818 Net Income Dividends Additions to Reta!ned Earnings Global Manufacturing, Inc. BALANCE SHEET 2021 2022 ASSETS Cash $1,851,754 $10,262,510 $23,144,820 35,259,084 $27,826,540 $2,836,450 Accounts recelvable Inventory Total Current Assets Net Fixed Assets 8,509,350 20,351,550 31,697,350 22,975,245 TOTAL ASSETS $54,672,595 $63,085,624 LIABILITIES & STOCKHOLDER'S EQUITY $7,151,072 10,094,260 17,245,332 12,783,245 30,028,577 2,040,000 31,017,047 33.057.047 Accounts payable Notes payable Total current liabilities $5,758,070 7,961,031 13,719,101 12,359,868 26,078,969 Long-term debt TOTAL UABIUTIES 2,040,000 Common Retained earnings 26,553,626 28.593 626 TOTAL STOCKHOLDERS' EQUITY TOTAL UABILUTIES & STOCKHOLDER'S EQUITY $54,672,595 $63,085,624 TABLE #1 TABLE #2
calculate common size INCOME STATEMENT 2021 2022 Total sales Cost of goods sold Administrative expense $70,911,420 $48,113,332 $13,785,239 $85,218,840 57,181,806 16,873,362 Earnings before interest, taxes, depreciation & amortization (EBITDA) 9,012,849 11,163,672 Depreciation Earnings before interest & taxes.(EBIT) Interest expense Earnings Before Taxes (EBT) 1,700,510 2,027,160 9,136,512 1,603,312 7,533,200 1,581,972 5,951,228 1,487,807 4,463,421 7,312,339 1,390,284 5,922,055 Taxes 1,243,632 4,678,423 1,169,606 3,508,818 Net Income Dividends Additions to Reta!ned Earnings Global Manufacturing, Inc. BALANCE SHEET 2021 2022 ASSETS Cash $1,851,754 $10,262,510 $23,144,820 35,259,084 $27,826,540 $2,836,450 Accounts recelvable Inventory Total Current Assets Net Fixed Assets 8,509,350 20,351,550 31,697,350 22,975,245 TOTAL ASSETS $54,672,595 $63,085,624 LIABILITIES & STOCKHOLDER'S EQUITY $7,151,072 10,094,260 17,245,332 12,783,245 30,028,577 2,040,000 31,017,047 33.057.047 Accounts payable Notes payable Total current liabilities $5,758,070 7,961,031 13,719,101 12,359,868 26,078,969 Long-term debt TOTAL UABIUTIES 2,040,000 Common Retained earnings 26,553,626 28.593 626 TOTAL STOCKHOLDERS' EQUITY TOTAL UABILUTIES & STOCKHOLDER'S EQUITY $54,672,595 $63,085,624 TABLE #1 TABLE #2
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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