Balance Sheets Income Statements Statement of Cash Flows 20X2 ASSETS ASSETS 12/3
ID: 2659188 • Letter: B
Question
Balance SheetsIncome Statements
Statement of Cash Flows 20X2
ASSETS ASSETS
12/31/20X1 12/31/20X2
12/31/20X1 12/31/20X2
Sales $ 1,578 $ 2,106
Cash $ 30 $ 40
COGS $ 631 $ 906
Accounts Receivable $ 175 $ 351
Gross Margin $ 947 $ 1,200
Inventory $ 90 $ 151
CURRENT ASSETS $ 295 $ 542
Expenses
Marketing $ 316 $ 495
Fixed Assets
R&D $ 158 $ 211
Gross $ 1,565 $ 2,373
Administration $ 126 $ 179
Accum. Depreciation $ (610) $ (860)
Total Expenses $ 600 $ 885
Net $ 955 $ 1,513
EBIT $ 347 $ 315
TOTAL ASSETS $ 1,250 $ 2,055
Interest $ 63 $ 95
EBT $ 284 $ 220
Tax $ 97 $ 75
LIABILITIES LIABILITIES
Net Income $ 187 $ 145
Accounts Payable $ 56 $ 81
Accruals $ 15 $ 20
CURRENT LIABILITIES $ 71 $ 101
Long-Term Debt $ 630 $ 1,260
Equity $ 549 $ 694
TOTAL CAPITAL $ 1,179 $ 1,954
TOTAL LIABILITIES
AND EQUITY $ 1,250 $ 2,055
20X1 20X2
Sales
COGS
Gross Margin
Expenses
Marketing
R&D
Administration
Total Expenses
EBIT
Interest
EBT
Tax
Net Income
20X1 20X2
Balance Sheets
Income Statements
Statement of Cash Flows 20X2
ASSETS ASSETS
12/31/20X1 12/31/20X2
12/31/20X1 12/31/20X2
Sales $ 1,578 $ 2,106
Cash $ 30 $ 40
COGS $ 631 $ 906
Accounts Receivable $ 175 $ 351
Gross Margin $ 947 $ 1,200
Inventory $ 90 $ 151
CURRENT ASSETS $ 295 $ 542
Expenses
Marketing $ 316 $ 495
Fixed Assets
R&D $ 158 $ 211
Gross $ 1,565 $ 2,373
Administration $ 126 $ 179
Accum. Depreciation $ (610) $ (860)
Total Expenses $ 600 $ 885
Net $ 955 $ 1,513
EBIT $ 347 $ 315
TOTAL ASSETS $ 1,250 $ 2,055
Interest $ 63 $ 95
EBT $ 284 $ 220
Tax $ 97 $ 75
LIABILITIES LIABILITIES
Net Income $ 187 $ 145
Accounts Payable $ 56 $ 81
Accruals $ 15 $ 20
CURRENT LIABILITIES $ 71 $ 101
Long-Term Debt $ 630 $ 1,260
Equity $ 549 $ 694
TOTAL CAPITAL $ 1,179 $ 1,954
TOTAL LIABILITIES
AND EQUITY $ 1,250 $ 2,055
20X1 20X2
Sales
COGS
Gross Margin
Expenses
Marketing
R&D
Administration
Total Expenses
EBIT
Interest
EBT
Tax
Net Income
20X1 20X2
Explanation / Answer
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