Intro Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021. 2020 2021 2020 2021 Cash 900 1,000 Accounts payable 2,700 3,000 Accounts receivable 2,700 3,000 Current liabilities 2,700 3,000 Inventory 2,700 3,000 Long-term debt 5,400 6,000 Current assets 6,300 7,000 Total liabilities 8,100 9,000 Net fixed assets Total assets 11,700 13,000 Equity 9,900 11,000 18,000 20,000 Total liab. & equity 18,000 20,000 The income statement for 2021 is also given: Amount Sales 48,000 Cost 26,400 Depreciation 7,200 EBIT 14,400 Interest 4,800 EBT 9,600 Taxes 2,688 Net income 6,912
Intro Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021. 2020 2021 2020 2021 Cash 900 1,000 Accounts payable 2,700 3,000 Accounts receivable 2,700 3,000 Current liabilities 2,700 3,000 Inventory 2,700 3,000 Long-term debt 5,400 6,000 Current assets 6,300 7,000 Total liabilities 8,100 9,000 Net fixed assets Total assets 11,700 13,000 Equity 9,900 11,000 18,000 20,000 Total liab. & equity 18,000 20,000 The income statement for 2021 is also given: Amount Sales 48,000 Cost 26,400 Depreciation 7,200 EBIT 14,400 Interest 4,800 EBT 9,600 Taxes 2,688 Net income 6,912
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Calculate
Transcribed Image Text:Intro
Below is the balance sheet for Northern Comfort Company for December 31 of
2020 and 2021.
2020
2021
2020
2021
Cash
900 1,000
Accounts payable
2,700
3,000
Accounts receivable 2,700 3,000
Current liabilities
2,700
3,000
Inventory
2,700 3,000
Long-term debt
5,400
6,000
Current assets
6,300 7,000
Total liabilities
8,100 9,000
Net fixed assets
11,700 13,000
Equity
9,900 11,000
Total assets
18,000 20,000
Total liab. & equity 18,000 20,000
The income statement for 2021 is also given:
Amount
Sales
48,000
Cost
26,400
Depreciation
7,200
EBIT
14,400
Interest
4,800
EBT
9,600
Тахes
2,688
Net income
6,912
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