Assignment
Using each and every line item of data provided, including those with zero balances, re-create the balancesheet and income statementfor the company in a reasonably correct manner.
In addition, create a common-sized balance sheet and a common-sized income statementthat includes all of the accounts.
Round the percentages to one decimal place (e.g., 11.6%). Submit your work via the assignment submission feature in Blackboard.
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Accumulated other comprehensive income/(loss)
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(82,116)
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Gain/(loss) on sale of assets
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(424)
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Commitments and contingent liabilities
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0
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Plus: Interest income
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0
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Income/(loss) from equity method investments
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90
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Plus: Other nonoperating income
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203
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Deferred revenue
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1,105
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Short-term debt (notes payable)
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1,588
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Less: Interest expense
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1,790
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Current portion of long-term debt
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$2,559
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Taxes payable
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4,781
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Equity method investments
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6,864
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Less: Income tax expense
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9,124
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Other intangible assets
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11,075
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Other current assets
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12,138
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Marketable securities (Short-term investments)
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12,533
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Other noncurrent assets
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15,950
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Deferred taxes
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17,579
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Cash & equivalents
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$18,931
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Other current liabilities
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21,347
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Net income
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$26,061
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Other accrued expenses
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29,874
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Accounts payable
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32,524
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Other long-term investments
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32,769
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Earnings before tax
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35,185
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Operating profit (EBIT)
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37,651
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Less: Depreciation & amortization expenses
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37,651
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Long-term debt
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48,369
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Goodwill
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86,726
|
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Total current liabilities
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93,778
|
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Other long-term liabilities
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97,484
|
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Accounts receivable, net
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100,818
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Less: Selling, general, & administrative expenses
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108,707
|
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Less: Treasury stock
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154,399
|
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Gross profit
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183,464
|
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Inventories
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200,864
|
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Common stock and additional paid-in capital
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212,701
|
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Property, plant, & equipment, net
|
252,631
|
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Total liabilities
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257,210
|
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Total current assets
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345,284
|
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Total equity
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494,089
|
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Retained earnings
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517,903
|
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Less: Accumulated depreciation
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608,636
|
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Total assets
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$751,299
|
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Total liabilities and equity
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$751,299
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Less: Cost of goods sold
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785,772
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Property, plant, & equipment, gross
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861,267
|
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Sales
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$969,236
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