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Inland Manufacturing Balance Sheet (Dollars in Millions) December 31 2006 December 31, 200

Inland Manufacturing Balance Sheet (Dollars in Millions) December 31 2006 December 31, 200

Inland Manufacturing Balance Sheet (Dollars in Millions) December 31 2006 December 31, 2005 S 40u 560 790 $1,750 1,200 $2,950 $ 300 450 550 $1,300 1,210 $2,510 Cash Account Receivables Inventory Total current assets Total fixed assets Total assets Account payable Note payable Other current liabilities Total current liabilities Long-term debt Common equity Total liabilities and equity S 350 470 220 $1,040 580 $1,330 S2,950 s 250 330 130 s 710 580 $1,220 $2,510 Inland Manufacturing Income Statement December 31, 2005 (Dollars in Millions) Gross sales Cost of goods sold: $2,450 Materials Labor Overhead Depreciation $230 850 230 400 $1,710 S 740 40 60 S 640 25 s 615 246 S 369 Gross profit Selling expenses General and administrative expenses Earmings before interest and taxes (EBIT) Earnings before income taxes Net income Interest expenses Provision for income taxes (40%)

Abhinav 04-Dec-2019

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