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Accounting, Finance, SPSS
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Week Three Homework Financial Statements Coursework
Coursework Instructions:
A. Create the Income Statements for 2007 and 2008 (including dividends paid and retained earnings).
B. Create the Balance Sheets for 2007 & 2008.
C. Create the statement of Cash Flows for 2008.
D. What is the CFFA for 2008?
Coursework Sample Content Preview:
Week Three Homework Financial Statements
Name
Institution
Date
A. Create the Income Statements for 2007 and 2008 (including dividends paid and retained earnings).
| Income Statement | |||
| FY 2007,2008 | |||
| 2007 | 2008 | ||
| Sales | $2,870 | $3,080 | |
| Less Cost of Goods Sold COGS | 987 | 1121 | |
| Gross Profit | $1,883 | $1,959 | |
| Less Operating expenses | |||
| Depreciation | 413 | 413 | |
| Other expenses | 238 | 196 | |
| Total Operating Expenses | 651 | 609 | |
| Operating income | $1,232 | $1,350 | |
| Less interest expense | 192 | 221 | |
| Earnings before taxes | $1,040 | $1,129 | |
| Less income taxes |
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