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AD 632 Balance Sheet

by: Melissa Wadman

AD 632 Balance Sheet MET AD 632

Melissa Wadman
GPA 3.78

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About this Document

Sample Balance Sheet
Financial Concepts
Accounting, financial accounting, financial reporting
75 ?




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This 1 page Bundle was uploaded by Melissa Wadman on Friday September 9, 2016. The Bundle belongs to MET AD 632 at Boston University taught by Zafiropoulos in Fall 2016. Since its upload, it has received 9 views. For similar materials see Financial Concepts in Administrative Sciences at Boston University.

Similar to MET AD 632 at BU

Popular in Administrative Sciences


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Date Created: 09/09/16
Key Input Data for Cumerland Industries 2010 Balance Sheets 2010 2009 Change Sales Revenue 455,000.00 Cash and cash equivalent 91,450.00 74,625.00 16,825.00 Expenses (excluding depreciation) as a percentage of sale 85% Short-term investments 11,400.00 15,100.00 (3,700.00) Net fixed assets 67,000.00 Accounts Receivable 108,470.00 85,527.00 22,943.00 Depreciation as a % of net fixed assets 10% Inventories 38,450.00 34,982.00 3,468.00 Tax rate 40% Total Current Assets 249,770.00 210,234.00 39,536.00 Interest expense 8,550.00 Net Fixed Assets 6,700.00 42,436.00 (35,736.00) Dividend Payout Ratio 25% Total Assets 316,770.00 252,670.00 64,100.00 Cumberland Industries: Income Statement Liabilities and equity Sales 455,000.00 Accounts payable 30,761.00 23,109.00 Operating costs excluding depreciation 386,750.00 Accruals 30,405.00 22,656.00 EBITDA 68,250.00 Notes Payable 12,717.00 14,217.00 Depreciation (no amortization) 6,700.00 Total current liabilities 73,883.00 59,982.00 EBIT 61,550.00 Long-term debt 80,263.00 63,914.00 Interest expense 8,550.00 Total liabilities 154,146.00 123,896.00 EBT 53,000.00 Common stock 100,000.00 90,000.00 Taxes (40%) 21,200.00 Retained earnings 62,624.00 38,774.00 Net income 31,800.00 Total common equity 162,624.00 128,774.00 Total liabilities and equity 316,770.00 252,670.00 Common dividends 7,950.00 Addition to retained earnings 23,850.00


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