Posted: May 5th, 2016
Liabilities and Equity
Accounts Payable $150,000
Total Current Liabilities______?
Long-term debt $425,000
Total Liabilities _____?
Preferred Stock ?
Common Stock (at par) $150,000
Paid -in capital in excess of par ?
Retained earnings $390,000
Total Stockholders equity _____?
Total liabilities and stockholders equity_____?
Challenge Industries Inc
For the year ended December 31, 2012 (in $ thousands)
Sales revenue $4,800,000
Less: Costs of goods sold______?
Less: Operating Expenses
Sales expense $690,000
General &Administrative expense $750,000
Dedication Expense $120,000
Total Operation Expenses $1,560,000
Earnings before interest and taxes______?
Less: Interest Expense $35,000
Earnings before taxes ?
Net income(net profits after taxes) ?
Less: Preferred dividends $15,000
Earnings available for common stockholders ?
Less: dividends $60,000
To retained earnings _____?
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