need formula for cost of goods sold
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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need formula for cost of goods sold
CURRENT ASSETS | ||
Cash and cash equivalents | $ 607,987 | $ 480,626 |
104,500 | 80,545 | |
Inventory | 26,445 | 26,096 |
Prepaid expenses and other current assets | 54,906 | 57,076 |
Income tax receivable | 282,783 | 27,705 |
Investments | 343,616 | 400,156 |
Total current assets | 1,420,237 | 1,072,204 |
Leasehold improvements, property and equipment, net | 1,584,311 | 1,458,690 |
Long term investments | 102,328 | 0 |
Restricted cash | 27,849 | 27,855 |
Operating lease assets | 2,767,185 | 2,505,466 |
Other assets | 59,047 | 18,450 |
21,939 | 21,939 | |
Total assets | 5,982,896 | 5,104,604 |
Current liabilities: | ||
Accounts payable | 121,990 | 115,816 |
Accrued payroll and benefits | 203,054 | 126,600 |
Accrued liabilities | 164,649 | 155,843 |
Unearned revenue | 127,750 | 95,195 |
Current operating lease liabilities | 204,756 | 173,139 |
Total current liabilities | 822,199 | 666,593 |
Commitments and contingencies (Note 12) | ||
Long-term operating lease liabilities | 2,952,296 | 2,678,374 |
149,422 | 37,814 | |
Other liabilities | 38,844 | 38,797 |
Total liabilities | 3,962,761 | 3,421,578 |
Shareholders' equity: | ||
0 | 0 | |
Common stock, $0.01 par value, 230,000 shares authorized, 36,704 and 36,323 shares issued as of December 31, 2020 and 2019, respectively | 367 | 363 |
Additional paid-in capital | 1,549,909 | 1,465,697 |
(2,802,075) | (2,699,119) | |
Accumulated other comprehensive loss | (4,229) | (5,363) |
3,276,163 | 2,921,448 | |
Total shareholders' equity | 2,020,135 | 1,683,026 |
Total liabilities and shareholders' equity | $ 5,982,896 | $ 5,104,604 |
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