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  • Fin Quiz 2, Financial Statements

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    Kornar Toygar
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    Boodroo, Inc. 2008 Sales Revenue $ Less: Cost of Goods Sold Gross Profit Less: Operation Expenses depreciation Expense other operating expenses total operating expenses Net Income Less: Dividends Earnings available to common stockholders 10,000,000 4,000,000 6,000,000 50,000 1,450,000 1,500,000 4,500,000 2,500,000 2,000,000 1,000,000 1,000,000 5,000 995,000 balance boodrao, Inc. 2008 Assets Current Assets Cash $ accounts receivable inventory total current assets current

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    FIN QUIZ 2, FINANCIAL STATEMENTS(1)

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    Boodroo, Inc. 2008 Sales Revenue $ Less: Cost of Goods Sold Gross Profit Less: Operation Expenses depreciation Expense other operating expenses total operating expenses Net Income Less: Dividends Earnings available to common stockholders 10,000,000 4,000,000 6,000,000 50,000 1,450,000 1,500,000 4,500,000 2,500,000 2,000,000 1,000,000 1,000,000 5,000 995,000 balance boodrao, Inc. 2008 Assets Current Assets Cash $ accounts receivable inventory total current assets current

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    66 views4 pages

    Fin Quiz 2, Financial Statements

    Uploaded by

    Kornar Toygar
    Boodroo, Inc. 2008 Sales Revenue $ Less: Cost of Goods Sold Gross Profit Less: Operation Expenses depreciation Expense other operating expenses total operating expenses Net Income Less: Dividends Earnings available to common stockholders 10,000,000 4,000,000 6,000,000 50,000 1,450,000 1,500,000 4,500,000 2,500,000 2,000,000 1,000,000 1,000,000 5,000 995,000 balance boodrao, Inc. 2008 Assets Current Assets Cash $ accounts receivable inventory total current assets current

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    Income Statement

    Boodroo, Inc.
    2008

    Sales Revenue $ 10,000,000


    Less: Cost of Goods Sold 4,000,000
    Gross Profit 6,000,000
    Less: Operation Expenses
    Depreciation Expense 50,000
    Other Operating Expenses 1,450,000
    Total Operating Expenses 1,500,000
    EBIT/Operating Profit 4,500,000
    Less: Interest 2,500,000
    EBT 2,000,000
    Less: Taxes (Tax Rate: 50%) 1,000,000
    Net Income 1,000,000
    Less: Dividends 5,000
    Earnings available to 995,000
    common stockholders
    Balance
    Boodroo, Inc.
    2008

    Assets Liabilities
    Current Assets Current Liabilities
    Cash $ 570,000 Accounts Payable $
    Accounts Receivable 850,000 Notes Payable
    Inventory 1,980,000 Total Current Liabilities
    Total Current Assets 3,400,000

    Fixed Assets Long Term Debt


    Gross Fixed Assets 32,350,000
    Total Gross Fixed Assets 32,350,000 Total Liabilities
    Accumulated Depreciation 6,050,000
    Net Fixed Assets 26,300,000 Stockholders' Equity
    Common Stock (10,000 shares)
    Total Assets 29,700,000 Retained Earnings
    Additional Capital

    Dividends
    Total Stockholders' Equity

    Total Liab. & Equity


    1,200,000
    500,000
    1,700,000

    18,000,000

    19,700,000

    10,000
    5,050,000
    4,990,000
    10,050,000
    50,000
    10,000,000

    29,700,000
    Retained Earnings Statement
    Boodroo, Inc.
    2008

    Retained Earnings (2007) $ 5,050,000


    Net Income 1,000,000
    Dividends 5000
    Balance of Retained Earnings 6,045,000

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