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Income Statement

The company's sales increased by $1,000 from 2009 to 2010 while operating costs excluding depreciation rose by $860. This led to higher earnings before interest and taxes (EBIT) of $1,260 in 2010 compared to $1,140 in 2009. Net income increased to $684 in 2010 from $624 in 2009 even as common dividends rose to $220 from $200. Assets grew to $8,910 in 2010 from $8,100 in 2009 mainly due to increases in accounts receivable and net plant and equipment. Liabilities also rose as notes payable increased to $384 in 2010 from $200 in 2009.

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Habibah Asma'ul Husna
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27 views

Income Statement

The company's sales increased by $1,000 from 2009 to 2010 while operating costs excluding depreciation rose by $860. This led to higher earnings before interest and taxes (EBIT) of $1,260 in 2010 compared to $1,140 in 2009. Net income increased to $684 in 2010 from $624 in 2009 even as common dividends rose to $220 from $200. Assets grew to $8,910 in 2010 from $8,100 in 2009 mainly due to increases in accounts receivable and net plant and equipment. Liabilities also rose as notes payable increased to $384 in 2010 from $200 in 2009.

Uploaded by

Habibah Asma'ul Husna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Income Statement 2010 2009

Sales 11,000 10,000


Operating costs excluding depreciation 9,360 8,500
Depreciation 380 360
EBIT 1,260 1,140
Less interest 120 100
EBT 1,140 1,040
Taxes 456 416
Net Income 684 624
Common dividends 220 200

Balance Sheet
Assets 2010 2009
Cash 550 500
Short-term investments 110 100
Accounts receivable 2,750 2,500
Inventories 1,650 1,500
Total current assets 5,060 4,600
Net plant and equipment 3,850 3,500
Total assets 8,910 8,100

Liabilities and Equity 2010 2009


Accounts Payable 1,100 1,000
Accruals 550 500
Notes Payable 384 200
Total current liabilities 2,034 1,700
Long-term debt 1,100 1,000
Total Liabilities 3,134 2,700
Common stock 4,312 4,400
Retained Earnings 1,464 1,000
Total common equity 5,776 5,400
Total liabilities common equity 8,910 8,100

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