The Hero Called to Action Financial Statements (continued) June 30 Year X Year X

Question

The Hero Called to Action Financial Statements (continued) June 30 Year X Year X-1 Liabilities and stockholders' equity Accounts payable and accrued expenses Net deferred tax liability Notes payable and capital lease obligations Notes payable $26,343,374 $13,333,047 41,143,125 14,365,98 283,864 9,723,003 6,233,853 6,374,320 $83,443,355 $34,357 218 Total labilities Stockholders' equity: Preferred stock, par value $0.01 per share; Shares authorized at June 30, Year X; no shares At June 30, Year X-1; no shares issued or outstanding At June 30, Year X or June 30, Year X-1 0 Common stock, par value $0.01 per share; 100,000,000 Shares authorized; 63,543,662 and 56,731,054 shares issued and outstanding at June 30, Year X and Year X-1, respectively 531,954 83,572,199 13,269,353 73,488,197 34,320,121 639,780 Additional paid-in capital Total stockholders' equity 257,700,176 48,121,428 Total liabilities and stockholders' equity 341,143,531 82,478,646

Explanation / Answer

Year x-1 Total service revenue=172754906 Year x Total service revenue=233659896 Increase in service revenue=233659896-172754906=60904990 % increase=(60904990/172754906)*100=35.26%=35% Answer is 35% +.

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