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    CFI Accounting Fundementals Jenga Inc Exercise

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    sovalax
    Accounting Fundementals Jenga Inc Exercise

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    CFI Accounting Fundementals Jenga Inc Exercise

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    sovalax
    31 views3 pages
    Accounting Fundementals Jenga Inc Exercise

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    Accounting Fundementals Jenga Inc Exercise

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    31 views3 pages

    CFI Accounting Fundementals Jenga Inc Exercise

    Uploaded by

    sovalax
    Accounting Fundementals Jenga Inc Exercise

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    Jenga Inc Exercise Strictly Confidential

    Table of Contents
    #VALUE!

    Notes
    This Excel model is for educational purposes only and should not be used for any other reason.
    All content is Copyright material of CFI Education Inc.
    https://corporatefinanceinstitute.com/

    © 2019 CFI Education Inc.


    All rights reserved.  The contents of this publication, including but not limited to all written material, content layout, images, formulas, and code, are protected under international copyright and trademark laws.  
    No part of this publication may be modified, manipulated, reproduced, distributed, or transmitted in any form by any means, including photocopying, recording, or other electronic or mechanical methods,
    © Corporate Finance Institute. All rights reserved. 
    Jenga Inc Exercise Year 1 Year 2
    Jenga Inc engages in the following transactions:

    Issues common shares 1,000


    Borrows 400
    Repays loan 100
    Pays interest 24 18

    Buys property and plant (estimated useful life is 10 years) 900

    Buys inventory 350 400


    Cash paid for inventory 320 380

    Sells inventory 510 550


    Cash received from sales 430 480

    Inventory left at year end 60 80

    Pays expenses 40 50
    Pays tax at 30%
    Pays a dividend 30 5

    Requirements:

    1. Produce a balance sheet and income statement for Jenga Inc for Years 1 and 2.

    2. Produce the financial statements for Year 2.

    Income Statement
    Revenues
    Cost of sales
    Gross profit - -

    Expenses
    Depreciation
    Operating profit (EBIT) - -

    Finance costs
    Profit before taxes - -

    Tax at 30%
    Net income - -

    Dividend
    Retained earnings - -
    Balance Sheet
    Assets
    Current assets:

    Total current assets - -

    Non-current assets

    Total assets - -

    Liabilities and shareholders' equity


    Current liabilities:

    Non-current liabilities:

    Shareholder's equity:

    Total liabilities and shareholders' equity - -

    Balance Sheet Check 0.0 0.0

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