Balance Sheet Question. Please Help!!!!!! Thanks?

Answers:0   |   LastUpdateAt:2012-08-06 10:45:03  

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Asked at 2012-08-06 10:45:03
Finding the ROI of common shareholders


sales revenue $ 650,000 amount of good sold 400,000
Gross profit 250,000
selling and administrative expenses 100,000
Operating income 150,000
Interest expense 50,000
income before taxes 100,000
income before tax expense (40 % ) 40,000
Net income 60,000
Accounts payable 45,000
accrued liabilities 70,000
income tax payable 10,000
interest payable 25,000
Short terms loans payable 150,000
Total current liabilities 300,000
long-term bonds to pay 500,000
preferred stock , 10% , par $ 100 250 000
common stock, no par 600,000

retained earnings 350,000 Total of 1,200,000 equity
Total liabilities and stockholders' equity 2,000,000
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