The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable nventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) .ess interest Earnings before taxes (ERT) 2021 $ 4,200 17,500 20,300 $ 42,000 28,000 $ 70,000 $ 27,531 12,369 5,000 $ 44,900 9,000 $ 53,900 3,864 12,236 $ 16,100 $70,000 2021 $112,000 104,160 2,240 $ 5,600 840 $ 4760
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- The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 4,900 Accounts receivable 17,500 Inventories 19,600 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and Equity Accounts payable $ 23,973 Accruals 15,327 Notes payable 7,000 Total current liabilities $ 46,300 Long-term bonds 9,000 Total liabilities $ 55,300 Common stock 4,410 Retained earnings 10,290 Total common equity $ 14,700 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021 Net sales $ 126,000 Operating costs except depreciation 117,180 Depreciation…The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets,none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.Balance Sheet (Millions of $) 2021AssetsCash and securities $ 4,200 Accounts receivable 17,500 Inventories 20,300 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and EquityAccounts payable $ 27,531 Accruals 12,369 Notes payable 5,000 Total current liabilities $ 44,900 Long-term bonds 9,000 Total liabilities $ 53,900 Common stock 3,864 Retained earnings 12,236 Total common equity $ 16,100 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021Net sales $112,000 Operating costs except depreciation 104,160 Depreciation 2,240 Earnings before interest and taxes (EBIT) $ 5,600 Less interest 840 Earnings before taxes (EBT) $ 4,760 Taxes (25%) 1,190 Net income $ 3,570 Other data:…The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 6,300 Accounts receivable 17,500 Inventories 18,200 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and Equity Accounts payable $ 24,024 Accruals 12,376 Notes payable 5,000 Total current liabilities $ 41,400 Long-term bonds 9,000 Total liabilities $ 50,400 Common stock 4,116 Retained earnings 15,484 Total common equity $ 19,600 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021 Net sales $ 84,000 Operating costs except depreciation 78,120 Depreciation…
- The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 4,200 Accounts receivable 17,500 Inventories 20,300 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and Equity Accounts payable $ 27,531 Accruals 12,369 Notes payable 5,000 Total current liabilities $ 44,900 Long-term bonds 9,000 Total liabilities $ 53,900 Common stock 3,864 Retained earnings 12,236 Total common equity $ 16,100 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021 Net sales $ 112,000 Operating costs except depreciation 104,160 Depreciation…The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 4,200 Accounts receivable 17,500 Inventories 20,300 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and Equity Accounts payable $ 27,531 Accruals 12,369 Notes payable 5,000 Total current liabilities $ 44,900 Long-term bonds 9,000 Total liabilities $ 53,900 Common stock 3,864 Retained earnings 12,236 Total common equity $ 16,100 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021 Net sales $ 112,000 Operating costs except depreciation 104,160 Depreciation…The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 4,200 Accounts receivable 17,500 Inventories 20,300 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and Equity Accounts payable $ 27,531 Accruals 12,369 Notes payable 5,000 Total current liabilities $ 44,900 Long-term bonds 9,000 Total liabilities $ 53,900 Common stock 3,864 Retained earnings 12,236 Total common equity $ 16,100 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021 Net sales $ 112,000 Operating costs except depreciation 104,160 Depreciation…
- The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 4,200 Accounts receivable 17,500 Inventories 20,300 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and Equity Accounts payable $ 27,531 Accruals 12,369 Notes payable 5,000 Total current liabilities $ 44,900 Long-term bonds 9,000 Total liabilities $ 53,900 Common stock 3,864 Retained earnings 12,236 Total common equity $ 16,100 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021 Net sales $ 112,000 Operating costs except depreciation 104,160 Depreciation…The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 4,200 Accounts receivable 15,000 Inventories 16,800 Total current assets $ 36,000 Net plant and equipment 24,000 Total assets $ 60,000 Liabilities and Equity Accounts payable $ 18,048 Accruals 10,152 Notes payable 5,000 Total current liabilities $ 33,200 Long-term bonds 10,000 Total liabilities $ 43,200 Common stock 3,864 Retained earnings 12,936 Total common equity $ 16,800 Total liabilities and equity $ 60,000 Income Statement (Millions of $) 2021 Net sales $ 66,000 Operating costs except depreciation 61,380 Depreciation…The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 3,500 Accounts receivable 12,500 Inventories 14,000 Total current assets $ 30,000 Net plant and equipment 20,000 Total assets $ 50,000 Liabilities and Equity Accounts payable $ 13,650 Accruals 7,350 Notes payable 5,000 Total current liabilities $ 26,000 Long-term bonds 12,000 Total liabilities $ 38,000 Common stock 2,520 Retained earnings 9,480 Total common equity $ 12,000 Total liabilities and equity $ 50,000 Income Statement (Millions of $) 2021 Net sales $ 50,000 Operating costs except depreciation 46,500 Depreciation 1,600…
- The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 3,600 Accounts receivable 15,000 Inventories 17,400 Total current assets $ 36,000 Net plant and equipment 24,000 Total assets $ 60,000 Liabilities and Equity Accounts payable $ 16,896 Accruals 9,504 Notes payable 7,000 Total current liabilities $ 33,400 Long-term bonds 11,000 Total liabilities $ 44,400 Common stock 3,120 Retained earnings 12,480 Total common equity $ 15,600 Total liabilities and equity $ 60,000 Income Statement (Millions of $) 2021 Net sales $ 60,000 Operating costs except depreciation 55,800 Depreciation…The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts payable $18,630 Accruals 8,370 Notes payable 6,000 Total current liabilities $33,000 Long-term bonds $9,000 Total liabilities $42,000 Common stock $5,040 Retained earnings 12,960 Total common equity $18,000 Total liabilities and equity $60,000 Income Statement (Millions of $)…The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts payable $18,630 Accruals 8,370 Notes payable 6,000 Total current liabilities $33,000 Long-term bonds $9,000 Total liabilities $42,000 Common stock $5,040 Retained earnings 12,960 Total common equity $18,000 Total liabilities and equity $60,000 Income Statement (Millions of $) 2018 Net sales $84,000 Operating costs except depreciation 78,120 Depreciation 1,680…