Solution-Prepare an income statement for rasputin

Prepare an income statement for rasputin corporation

Reference no: EM13852599

Cash Flow for Rasputin Corporation.

Based on the following information for Rasputin Corporation, prepare an income statement for 2008 and balance sheets for 2007 and 2008. Next calculate cash flow from assets for Rasputin cash flow to creditors, and cash flow to stockholders for 2008. Use a 34 percent tax rate throughout.

	2007	2008
Sales	($) 3,790	($) 3,990
Cost of goods sold	2,043	2,137
Depreciation	975	1,018
Interest	225	267
Dividends	200	225
Current assets	2,140	2,346
Net fixed assets	6,770	7,087
Current liabilities	9,94	1,126
Long term debts	2,869	2,956

Reference no: EM13852599

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Prepare an income statement for rasputin corporation

Reference no: EM13852599

Reference no: EM13852599

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