The balance sheet and income statement shown below are for Koski Ine. Note that the...
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The balance sheet and income statement shown below are for Koski Ine. Note that the firm has no amortization charges, it does not lease any retired during the next 5 years, and the notes payable will be rolled over one of its dat Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities 2016 $2,145 8,970 12,480 $23,595 $15,405 $39,000 $7,410 4,290 5,460 $17,160 Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $7,800 $24.960 $5,460 8.580 $14,040 $39,000 Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes 2016 $58,500 54,698 1,024 $2.779 829 $1,950 6R3
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