Use the following information for Ingersoll, Inc., (assume the tax rate is 35 pe

Question

Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent): 2014 2015 Sales $ 9,635 $ 10,209 Depreciation 1,305 1,306 Cost of goods sold 2,876 3,240 Other expenses 819 714 Interest 705 783 Cash 4,289 5,383 Accounts receivable 5,619 6,307 Short-term notes payable 974 926 Long-term debt 15,440 17,850 Net fixed assets 36,255 37,437 Accounts payable 4,676 4,365 Inventory 9,850 10,118 Dividends 1,136 1,231 Prepare an income statement for this company for 2014 and 2015. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) Ingersoll, Inc., Income Statement 2014 2015 (Click to select)EBITSalesAdditions to REInterestDividends $ $ (Click to select)Additions to RECost of goods soldEBITInterestDividends (Click to select)Additions to REOther expensesEBITInterestDividends (Click to select)Additions to REEBITDepreciationInterestDividends (Click to select)Cost of goods soldAdditions to REOther expensesSalesEBIT $ $ (Click to select)Other expensesAdditions to RECost of goods soldInterestSales (Click to select)EBTSalesOther expensesCost of goods soldInterest $ $ (Click to select)TaxesAdditions to RECost of goods soldOther expensesSales (Click to select)Net lossNet income $ $ (Click to select)InterestDepreciationSalesTaxesDividends $ $ (Click to select)SalesDepreciationTaxesInterestAdditions to RE Prepare the balance sheet for this company for 2014 and 2015. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.) Ingersoll, Inc. Balance Sheet as of Dec. 31 2014 2015 Assets (Click to select)Notes receivableOwners' equityCashNet fixed assetsNotes payableLong-term debtAccounts payable $ $ (Click to select)Notes receivableOwners' equityLong-term debtNotes payableAccounts receivableNet fixed assetsAccounts payable (Click to select)Net fixed assetsAccounts payableNotes payableLong-term debtNotes receivableInventoryOwners' equity Current assets $ $ (Click to select)Accounts payableNotes payableNet fixed assetsAccounts receivableLong-term debtCash Inventory Total assets $ $ Liabilities (Click to select)Net fixed assetsNotes receivableOwners' equityLong-term debtCashAccounts payableAccounts receivable $ $ (Click to select)Accounts receivableNotes payableLong-term debtNet fixed assetsNotes receivableCashOwners' equity Current liabilities $ $ (Click to select)Notes receivableNet fixed assetsAccounts payableLong-term debtAccounts receivableCashNotes payable (Click to select)Accounts payableOwners' equityNotes payableNet fixed assetsNotes receivableCashAccounts receivable Total liabilities & owners' equity $ $

Explanation / Answer

This is not the way to post the question first of all.

operating Profit statement/Income statement Particulars 2014 2015 Sales 9635 10209 COGS 2876 3240 Other expenses 819 714 EBDIT 5940 6255 Less: depriciation 1305 1306 EBIT 4635 4949 Less: Taxes 1622.25 1732.15 EAT 3012.75 3216.85 Add: Depriciation 1305 1306 Net cash flow 4317.75 4522.85

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