Accounting help 10 pts!!!!!!?

Answers:0   |   LastUpdateAt:2012-09-22 16:20:03  

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I need ENGLISH help
Asked at 2012-09-22 16:20:03
Billy Bob Incorporated has a line of credit from Down South National Bank that is due to be renewed on February 1. The bank has asked the company reports earnings and balance currents below. MedlinePlus MedlinePlus Billy Bob Incorporated MedlinePlus MedlinePlus Income Statement At December 31 MedlinePlus (In thousands) MedlinePlus MedlinePlus Income: MedlinePlus MedlinePlus MedlinePlus Sales $ 60,000 MedlinePlus MedlinePlus MedlinePlus Other MedlinePlus 4500 MedlinePlus MedlinePlus Total revenues MedlinePlus 64,500 MedlinePlus Expenses:
MedlinePlus MedlinePlus Cost of goods sold MedlinePlus MedlinePlus 40,500 MedlinePlus Selling and Administrative MedlinePlus MedlinePlus 11,625 MedlinePlus Depreciation and amortization MedlinePlus MedlinePlus 1875 MedlinePlus MedlinePlus interest 1500 MedlinePlus MedlinePlus MedlinePlus total expenses MedlinePlus 55,500 MedlinePlus Income before income taxes MedlinePlus MedlinePlus 9000 MedlinePlus Income tax MedlinePlus MedlinePlus 3600 MedlinePlus MedlinePlus net income MedlinePlus 5400 MedlinePlus Dividends to common shareholders ($ 3.86 per share) MedlinePlus: Less MedlinePlus 2550 MedlinePlus Net income added to retained earnings MedlinePlus MedlinePlus 2850 MedlinePlus Retained earnings, beginning of year MedlinePlus MedlinePlus 8550 MedlinePlus Retained earnings at end of year MedlinePlus MedlinePlus $ 11,400 MedlinePlus Earnings per share MedlinePlus MedlinePlus $ 8.18 MedlinePlus Billy Bob Incorporated MedlinePlus Balance Sheet MedlinePlus At December 31 MedlinePlus (In thousands) MedlinePlus MedlinePlus This MedlinePlus Year MedlinePlus Last Year MedlinePlus MedlinePlus Assets MedlinePlus MedlinePlus MedlinePlus Current assets:
MedlinePlus MedlinePlus Cash and marketable securities MedlinePlus MedlinePlus $ 1,950 MedlinePlus $ 1,575 MedlinePlus Accounts receivable, net MedlinePlus MedlinePlus 3600 MedlinePlus 3750 MedlinePlus Inventories MedlinePlus MedlinePlus 4875 MedlinePlus 4650 MedlinePlus MedlinePlus prepaid items 375 MedlinePlus 225 MedlinePlus MedlinePlus Total current assets MedlinePlus MedlinePlus 10,800 MedlinePlus 10,200 MedlinePlus Non-current assets:
MedlinePlus MedlinePlus Investments, at cost MedlinePlus MedlinePlus 7950 MedlinePlus 7950 MedlinePlus Deposits MedlinePlus 750 MedlinePlus 600 MedlinePlus MedlinePlus Property, plant and equipment MedlinePlus MedlinePlus 21,000 MedlinePlus 19,500 MedlinePlus MedlinePlus total assets MedlinePlus $ 40,500 MedlinePlus $ 38,250 MedlinePlus MedlinePlus Liabilities and Shareholders
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