Cuny, Inc. reported the following common size date for the year ended December 31, 2022: (Income Statement) Sales Cost of Goods Sold Operating Expenses Interest Expenses Income Tax Net Income (Balance Sheet) Cash Accounts Receivable Inventory Fixed Assets Total Assets (%) 4.8 Accounts Payable 14.9 Accrued Liabilities 49.4 Long-term Debt 30.9 Common Equity 100.0 Total Liabilities and Equity For 2021, Cuny, Inc. reported sales of $183,100,000 and for 2022, sales of $215,600,000. (%) 100.0 58.2 30.2 0.7 5.7 5.2 Use this information to answer question 3 and 4. (%) 15.0 13.8 23.2 48.0 100.0 At the end of 2021, Cuny, Inc.'s total assets were $75,900,000 and common equity was $37,800,000. At the end of 2022, total assets were $95,300,000.
Cuny, Inc. reported the following common size date for the year ended December 31, 2022: (Income Statement) Sales Cost of Goods Sold Operating Expenses Interest Expenses Income Tax Net Income (Balance Sheet) Cash Accounts Receivable Inventory Fixed Assets Total Assets (%) 4.8 Accounts Payable 14.9 Accrued Liabilities 49.4 Long-term Debt 30.9 Common Equity 100.0 Total Liabilities and Equity For 2021, Cuny, Inc. reported sales of $183,100,000 and for 2022, sales of $215,600,000. (%) 100.0 58.2 30.2 0.7 5.7 5.2 Use this information to answer question 3 and 4. (%) 15.0 13.8 23.2 48.0 100.0 At the end of 2021, Cuny, Inc.'s total assets were $75,900,000 and common equity was $37,800,000. At the end of 2022, total assets were $95,300,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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