income statement from Carver Enterprises, Unit V Assignment help

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Unit V Assignment 
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You are welcome. Please send me the excel sheet and the task
Hello i have done the calculations in the worksheet i hope there will be no problem. Thanks a lot.

BBA 3301 Unit V Assignment
Instructions: Enter all answers directly in this worksheet. When you are finished, select Save As, and
save this document using your last name and student ID as the file name. Upload the data sheet to
Blackboard as a .doc, .docx or .rtf file when you are finished.
Question 1. (30 points total) Use this balance sheet and income statement from Carver Enterprises to
complete parts a and b:

a. (15 points) Prepare a common size balance sheet for Carver Enterprises. Complete the commonsize balance sheet: (Round to one decimal place.)
Common−Size Balance Sheet
Cash and marketable securities

2013
$

Accounts receivable
Inventories
Current assets

$

Net property plant and equipment

490

1.5%

5,990

18.1%

9,550

28.1%

16,030

48.5 %

17,030

51.5 %

Total assets

$

33,060

100.0 %

Accounts payable

$

7,220

21.8 %

BBA 3301 Unit V Assignment
Short−term debt

6,800

20.6 %

14,020

42.4 %

7,010

21.2 %

21,030

63.6 %

Total owners’ equity

12,030

36.4 %

Total liabilities and owners’ equity $

33,060

100.0 %

Current liabilities

$

Long−term liabilities
Total liabilities

$

b. (15 points) Prepare a common-size income statement for Carver Enterprises. Complete the
common-size income statement: (Round to one decimal place.)
Common−Size Income
Statement
Revenues
Cost of goods sold
Gross profit
Operating expenses
Net operating income
Interest expense
Earnings before taxes
Taxes
Net income

2013
$ 30,020

100.0 %

(19,950)

-66.5 %

$ 10,070

33.5 %

(7,960)

-26.5 %

$ 2,110

7.0 %

(940)

-3.1 %

$ 1,170

3.9 %

(425)

-1.4 %

$ 745

2.5 %

Question 2. (10 points total) Use this data table of Campbell Industries liabilities and owners' equity to
complete parts a and b.

a. (5 points) What percentage of the firm's assets does the firm finance using debt (liabilities)?
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