Please answer for the “?” thanks.
|
Blue Bill Corporation |
||
| Income Statement | ||
| For the year ended 20xx | ||
| 2004 | 2003 | |
| Net sales | $4,250,000 | $5,175,000 |
| Cost of goods sold | $2,220,000 | $2,605,000 |
| Gross Profit | ? | ? |
| Operating Expenses | $650,000 | $720,000 |
| Other Expenses | $120,000 | $115,000 |
| Earnings Before Interest and Taxes (EBIT) | ? | ? |
| Net interest expenses | $0 | $15,000 |
| Income Tax Expense | ? | ? |
| Net Earnings | ? | ? |
| Earnings per share(1,250 shares issued) | ? | ? |
| Blue Bill Corporation | ||
| Balance Sheet | ||
| December 31, 20xx | ||
| 2004 | 2003 | |
| Current assets | ||
| Cash and cash equivalents | $500,000 | $450,000 |
| Accounts receivable | ? | ? |
| Less: Doubtful accounts | ? | ? |
| Inventory | $2,912,000 | $1,980,000 |
| Other current assets | $45,000 | $50,000 |
| Total current assets | ? | ? |
| Net property, plant, and equipment | $250,000 | $200,000 |
| Other assets | $16,000 | $15,000 |
| Total assets | ? | ? |
| ? | ? | |
| Current liabilites | ||
| Accounts payable | $1,000,000 | $900,000 |
| Other current liabilities | $35,000 | $22,000 |
| Long term debt | $900,000 | $930,000 |
| Equity | ? | $1,793,000 |
| Total liabilities and equity | ? | ? |