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rshunter0907
May 9, 2012, 03:33 PM
I have been asked for a job interview to prepare a balance sheet from an income statement and cash flow statement. Is this even possible? If it is, what would it look like?

Here is what I have been given:
Revenue - $4,600,380
Operating Expense - $1,854,064
Operating Profit/Loss - $2,746,316
Tax Depreciation - $106,573
Tax Profit/Loss - $2,639,743
Free Cash Flow - $2,746,316 (Revenue - Op Exp)
Tax Profit/Loss - $2,639,743
Tax Benefit/Liability - <$923,910>
After Tax Return to Equity Holders - $1,822,406
Book Depreciation - $2,186,202
EBIT - $560,114

paraclete
May 9, 2012, 05:18 PM
I have been asked for a job interview to prepare a balance sheet from an income statement and cash flow statement. Is this even possible? If it is, what would it look like?

Here is what I have been given:
Revenue - $4,600,380
Operating Expense - $1,854,064
Operating Profit/Loss - $2,746,316
Tax Depreciation - $106,573
Tax Profit/Loss - $2,639,743
Free Cash Flow - $2,746,316 (Revenue - Op Exp)
Tax Profit/Loss - $2,639,743
Tax Benefit/Liability - <$923,910>
After Tax Return to Equity Holders - $1,822,406
Book Depreciation - $2,186,202
EBIT - $560,114

Obviously a trick question, the answer; insufficient information

jmdavison
May 10, 2012, 06:48 AM
Remember a balance sheet is assets vs liabilities. Not near enough information...