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 Sta $26,343,374 $13,333,047 Accounts payable and accrued expenses Net deferred tax liability Notes payable and capital lease obligations Notes payable 41,143,125 14365 9,723,003 6,233,853 6,374.320 $83,443,355 $34,357218 Total liabilities and contingencies Preferred stock, par value $0.01 per share; 20,000,000 Stockholders' equity: Shares authorized at June 30, Year X; no shares authorized 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 639,780 Additional paid-in capital Retained earnings 531,954 183,572,199 13,269,353 73,488,197 34,320,121 Total stockholders' equity 257,700,176 48,121,428 Total liabilities and stockholders' equity 341,143,531 82,478,646

Explanation / Answer

In the given financial statement, total service revenue for Year X-2 is $41,263,060

while the total service revenue for Year X is $233,659,896

Calculating percentage of Year X from Year X-2, we get

= 233659896 / 41263060 * 100

= 566.27%

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