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(Choose 1 answer)
Income Statement
Sales
$8,500
☐ A
The table below is financial statement of
Velapure Inc.
COGS
$7,210
Velapure Inc. is currently operating at 80
Depreciation
$400
percent of capacity. What is the full-capacity
level of sales?
☐ D
A. $10,200
B. $10,470
C. $10,625
EBIT
Interest paid
Taxable Income
Taxes
Net Income
Dividend
$890
$40
$850
$310
$540
$330
D. $20,000
Additional to retained earnings
$210
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Balance Sheet
Cash
$1,700
Accounts payable
$2,175
Accounts receivable
$1,020
Long-term debt
$525
Inventory
$2,480
Common stock
$3,000
Total
$5,200
Retained earnings
$1,700
Net fixed assets
$2,200
Total Assets
$7,400
Total liabilities & equity
$7,400
