3-7. (Working with an income statement and balance sheet) Prepare a balance sheet and a. Prepare a common-sized income statement and a common-sized balance income statement for Kronlokken Company from the following scrambled list of PART I. The Scope and Environment of Financial Management 3-9. (Work a statemer a. Prepare a common-sized income statement and a common-sized bal sheet. Interpret your findings. income statement for Kronlokken Company from the following scrambled and Increase in a Ancrease in a $66,000 Depreciation expense. Operating in 225,000 Cash Interest exp 334,000 Long-term debt Increase in 573,000 Sales Dividends 102,000 Accounts payable Increase in 79,000 General and administrative expense Increase in Buildings and equipment 895,000 Depreciatie 75,000 Notes payable Income tax Accounts receivable 153,000 Beginning Interest expense 4,750 Accrued expenses 7,900 3-10. (A 289,000 ing Wes Common stock Cost of goods sold 297,000 Net incom Inventory 99,300 Deprecia Taxes Profits be 50,500 Accumulated depreciation 263,000 Increase Prepaid expenses Increase 14,500 Taxes payable Increase 53,000 Retained earnings Increase 262,900 Cash flo 3-8. (Working with an income statement and balance sheet) Prepare an income statement and a balance sheet for Lippo Group from the following scrambled list of items. What is the firm's net working capital and debt ratio? Sales Investm Change Financi Increas $553,000 Accumulated depreciation Comme 192,000 Cash Tota Cost of goods sold Chang 325,000 Accounts receivable Begins 74,000 Depreciation expenses Ending 40,000 Accounts payable 66,000 3-11. Interest expense 24.000 a stat Short-term notes payable 30,000 Begim Income taxes 59,850 Divid Inventories 46,000 Marketing, general and administrative expenses Incre 47,000 Gross fixed assets Incre 650,000 Long-term debt Incre 365,000 Common stock 125.000 Oper Other assets 17,000 Incre Retained earnings 138,500 Inter In addition, the firm has 12.000 shares outstanding and paid $18,000 in common stock dividends during the vaa Dep Incr Incr Ince Ince
3-7. (Working with an income statement and balance sheet) Prepare a balance sheet and a. Prepare a common-sized income statement and a common-sized balance income statement for Kronlokken Company from the following scrambled list of PART I. The Scope and Environment of Financial Management 3-9. (Work a statemer a. Prepare a common-sized income statement and a common-sized bal sheet. Interpret your findings. income statement for Kronlokken Company from the following scrambled and Increase in a Ancrease in a $66,000 Depreciation expense. Operating in 225,000 Cash Interest exp 334,000 Long-term debt Increase in 573,000 Sales Dividends 102,000 Accounts payable Increase in 79,000 General and administrative expense Increase in Buildings and equipment 895,000 Depreciatie 75,000 Notes payable Income tax Accounts receivable 153,000 Beginning Interest expense 4,750 Accrued expenses 7,900 3-10. (A 289,000 ing Wes Common stock Cost of goods sold 297,000 Net incom Inventory 99,300 Deprecia Taxes Profits be 50,500 Accumulated depreciation 263,000 Increase Prepaid expenses Increase 14,500 Taxes payable Increase 53,000 Retained earnings Increase 262,900 Cash flo 3-8. (Working with an income statement and balance sheet) Prepare an income statement and a balance sheet for Lippo Group from the following scrambled list of items. What is the firm's net working capital and debt ratio? Sales Investm Change Financi Increas $553,000 Accumulated depreciation Comme 192,000 Cash Tota Cost of goods sold Chang 325,000 Accounts receivable Begins 74,000 Depreciation expenses Ending 40,000 Accounts payable 66,000 3-11. Interest expense 24.000 a stat Short-term notes payable 30,000 Begim Income taxes 59,850 Divid Inventories 46,000 Marketing, general and administrative expenses Incre 47,000 Gross fixed assets Incre 650,000 Long-term debt Incre 365,000 Common stock 125.000 Oper Other assets 17,000 Incre Retained earnings 138,500 Inter In addition, the firm has 12.000 shares outstanding and paid $18,000 in common stock dividends during the vaa Dep Incr Incr Ince Ince
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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