Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales $4,000,000 Operating costs 3,200,000  EBIT $  800,000 Interest 120,000  Pre-tax earnings $  680,000 Taxes (25%) 170,000 Net income 510,000 Dividends $  190,000 Balance Sheet as of December 31, 2019 Cash $   160,000   Accounts payable $   360,000 Receivables 360,000   Line of credit 0 Inventories 720,000   Accruals 200,000  Total CA $1,240,000    Total CL $   560,000 Fixed assets 4,000,000   Long-term bonds 1,000,000  Total Assets $5,240,000   Common stock 1,100,000       RE 2,580,000        Total L&E $5,240,000 Suppose that in 2020 sales increase to $4.6 million and that 2020 dividends will increase to $206,000. Forecast the financial statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2019. The long-term bonds have an interest rate of 10%. New financing will be with a line of credit. Assume it will be added at the end of the year. Cash does not earn any interest income. Enter your answers as positive values. Do not round intermediate calculations. Round your answers to the nearest dollar. Garlington Technologies Inc. Pro Forma Income Statement December 31, 2020 Sales   $   Operating costs   $   EBIT   $   Interest   $   Pre-tax earnings   $   Taxes (25%)   $   Net income   $   Dividends:   $   Addition to RE:   $   Garlington Technologies Inc. Pro Forma Balance Statement December 31, 2020 Cash   $   Receivables   $   Inventories   $    Total current assets   $   Fixed assets   $    Total assets   $   Accounts payable   $   Line of credit   $   Accruals   $    Total current liabilities   $   LT bonds   $   Common stock   $   Retained earnings   $    Total L&E   $

The 2019 financial statements for Growth Industries are presented below.   INCOME STATEMENT, 2019 Sales       $ 360,000   Costs         230,000   EBIT       $ 130,000   Interest expense         26,000   Taxable income       $ 104,000   Taxes (at 21%)         21,840   Net income       $ 82,160   Dividends $ 41,080         Addition to retained earnings $ 41,080              BALANCE SHEET, YEAR-END, 2019   Assets         Liabilities       Current assets         Current liabilities       Cash $ 5,000     Accounts payable $ 12,000   Accounts receivable   10,000     Total current liabilities $ 12,000   Inventories   35,000     Long-term debt   260,000   Total current assets $ 50,000     Stockholders’ equity       Net plant and equipment   300,000     Common stock plus additional paid-in capital   15,000             Retained earnings   63,000   Total assets $ 350,000     Total liabilities plus stockholders' equity $ 350,000        Sales and…

How can this be worked out ?

What are the firm’s net profit margins for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions)   2018 2019 Assets 2018 2019 Sales Revenue $2,580 $2,865 Cash $70 $50 Less: Cost of goods sold $1,060 $1,500 Short-Term investments $35 $9 Less: Operating Expenses $105 $162 Accounts rec. 400 460 Less: Depreciation $85 $80 Inventory 490 556 Earnings before interest and taxes $1,330 $1,123 Total Current Assets $995 $1,075 Less: Interest paid $350 $380 Net fixed assets 1890 1,910 Taxable Income $980 $743       Less: Taxes (40%) $392 $297 Total assets $2,885 2,985 Net income $588 $446 Liabilities and Owner's Equity     Dividends (45%) $265 $201   2018 2019 Additions to Retained Earnings $323 $245 Accounts payable $240 $210   Accruals $20 $20   Notes payable 65 74   Total Current…

The 2019 financial statements for Growth Industries are presented below.   INCOME STATEMENT, 2019 Sales       $ 270,000   Costs         185,000   EBIT       $ 85,000   Interest expense         17,000   Taxable income       $ 68,000   Taxes (at 21%)         14,280   Net income       $ 53,720   Dividends $ 21,488         Addition to retained earnings $ 32,232              BALANCE SHEET, YEAR-END, 2019   Assets         Liabilities       Current assets         Current liabilities       Cash $ 3,000     Accounts payable $ 10,000   Accounts receivable   8,000     Total current liabilities $ 10,000   Inventories   29,000     Long-term debt   170,000   Total current assets $ 40,000     Stockholders’ equity       Net plant and equipment   210,000     Common stock plus additional paid-in capital   15,000             Retained earnings   55,000   Total assets $ 250,000     Total liabilities plus stockholders' equity $ 250,000        Sales and…

What is Naboo Manufacturing's 2019 Current Ratio?

MOSS COMPANY Selected Balance Sheet Information 2020 At December 31 Current assets Cash Accounts receivable. Inventory Current liabilities. Accounts payable Income taxes payable $ 84,650 25,000 60,000 Sales Cost of goods sold Gross profit 30,400 2,050 2019 $26,800 32,000 54,100 MOSS COMPANY Income Statement For Year Ended December 31, 2020 25,700 2,200 Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 515,000 331,600 183,400 121,500 36,000 25,900 7,700 $ 18,200 Use the information above to calculate cash flows from operating activities using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities

Consider the following financial statement information for Hi-Tech Instruments: 2020 (Thousands of Dollars, except Earnings per Share)   Sales revenue $210,000 Cost of goods sold 125,000 Net income 8,300 Dividends 2,600 Earnings per share 4.15 HI-TECH INSTRUMENTS, INC. Balance Sheets (Thousands of Dollars) Dec. 31, 2020 Dec. 31, 2019 Assets     Cash $18,300 $18,000 Accounts receivable (net) 46,000 41,000 Inventory 39,500 43,700 Total Current Assets 103,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total Assets $172,000 $167,000 Liabilities and Stockholders’ Equity     Notes payable—banks $6,000 $6,000 Accounts payable 22,500 18,700 Accrued liabilities 16,500 21,000 Total Current Liabilities 45,000 45,700 9% Bonds payable 40,000 40,000 Total Liabilities 85,000 85,700 Common stock* 50,000 50,000 Retained earnings 37,000 31,300 Total Stockholders’ Equity 87,000 81,300 Total Liabilities and…

Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales $4,000,000 Operating costs 3,200,000  EBIT $  800,000 Interest 120,000  Pre-tax earnings $  680,000 Taxes (25%) 170,000 Net income 510,000 Dividends $  190,000 Balance Sheet as of December 31, 2019 Cash $   160,000   Accounts payable $   360,000 Receivables 360,000   Line of credit 0 Inventories 720,000   Accruals 200,000  Total CA $1,240,000    Total CL $   560,000 Fixed assets 4,000,000   Long-term bonds 1,000,000  Total Assets $5,240,000   Common stock 1,100,000       RE 2,580,000        Total L&E $5,240,000 Suppose that in 2020 sales increase to $4.2 million and that 2020 dividends will increase to $244,000. Forecast the financial statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2019. The long-term bonds have an interest rate of 9%.

Consider the following balance sheets and income statement for Cruyff Enterprises. Cruyff paid $25,000 for rent in 2020. Compute the cash that Cruyff paid for dividends.    Cruyff Enterprises Balance Sheets As of December 31, 2020 and 2019           2020     2019 Assets:       Cash $18,650    $ 14,900 Accounts Receivable 42,000   36,000 Inventory 60,500   50,000 Prepaid Rent 3,000   1,400 Property, Plant and Equipment 230,000   205,600 Less: Accumulated Depreciation (75,000)   (65,000) Total Assets $279,150   $242,900         Liabilities and Stockholders’ Equity:       Accounts Payable $26,500   $21,000 Interest Payable 650   400 Unearned Revenue 7,000   10,000 Bonds Payable 37,000   37,000 Common Stock 20,000   15,000 Additional Paid-In Capital 48,000   40,000 Retained Earnings 140,000   119,500…