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USE THE FOLLOWING INFORMATION FOR THE NEXT FIVE PROBLEMS

THE BRITISH PUB CORPORATION

INCOME STATEMENT

FISCAL YEAR ENDING 12/31/199X

(DOLLARS IN THOUSANDS)

--------------------------------------------------------------

Net sales$1025

Cost of goods sold682

-----

EBITDA 343

Depreciation  31

Operating expense 103

Administrative expense     127

-----

EBIT   82

Interest Expense   27

-----

EBT   55

Taxes   17

-----

Net income   38

THE BRITISH PUB CORPORATION

BALANCE SHEET

FISCAL YEAR ENDING 12/31/199X

(DOLLARS IN THOUSANDS)

-----------------------------ASSETS                            LIABILITIES

Cash $ 61     Notes payable  $223

Accounts receivable    286     Accounts payable152

Inventory              354     Accruals 32

 ----                                          ----

Total current assets   701     Total current liab.407

Net fixed assets       802     Long term debt306

----     

Total Assets         $1503     Common stock102

Retained earnings688

----

      Total liabilities and

      stockholders' equity     $1503

The company has 68,000 shares outstanding.

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