Other expenses 591 515 Interest 485 579 Cash 3,972 5,021 4,041 5,892 Accounts receivable Short-term notes payable Long-term debt 732 717 12,700 31,805 15,435 Net fixed assets 33,291 Accounts payable 3,984 4,025 Inventory Dividends 8,927 9,555 882 1,011 Prepare a statement of financial position of this company for 2011 and 2012. Be sure to list the accour in order of their liquidity. Prepare a statement of comprehensive income for this company for 2011 and 2012. Assume a tax rate of 34%. Round your answers to 2 decimal places.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1- Business Finance.pdf
Q Search
Other expenses
591
515
Interest
485
579
Cash
3,972
4,041
Accounts receivable
5,021
5,892
Short-term notes payable
Long-term debt
Net fixed assets
732
717
12,700
31,805
3,984
8,927
15,435
33,291
4,025
Accounts payable
Inventory
9,555
Dividends
882
1,011
Prepare a statement of financial position of this company for 2011 and 2012. Be sure to list the accounts
in order of their liquidity. Prepare a statement of comprehensive income for this company for 2011 and
2012. Assume a tax rate of 34%. Round your answers to 2 decimal places.
0,
Transcribed Image Text:1- Business Finance.pdf Q Search Other expenses 591 515 Interest 485 579 Cash 3,972 4,041 Accounts receivable 5,021 5,892 Short-term notes payable Long-term debt Net fixed assets 732 717 12,700 31,805 3,984 8,927 15,435 33,291 4,025 Accounts payable Inventory 9,555 Dividends 882 1,011 Prepare a statement of financial position of this company for 2011 and 2012. Be sure to list the accounts in order of their liquidity. Prepare a statement of comprehensive income for this company for 2011 and 2012. Assume a tax rate of 34%. Round your answers to 2 decimal places. 0,
9. Use the following information on Chartwell Inc.
2011
2012
Sales
$ 7,233
$ 8,085
Depreciation
1,038
1,085
COGS
2,487
2,942
Other expenses
591
515
Interest
485
579
Cash
3,972
4,041
Accounts receivable
5,021
5,892
Short-term notes payable
732
717
15,435
33,291
4,025
Long-term debt
12,700
Net fixed assets
31,805
Accounts payable
3,984
9,555
1,011
8,927
Inventory
Dividends
882
Transcribed Image Text:9. Use the following information on Chartwell Inc. 2011 2012 Sales $ 7,233 $ 8,085 Depreciation 1,038 1,085 COGS 2,487 2,942 Other expenses 591 515 Interest 485 579 Cash 3,972 4,041 Accounts receivable 5,021 5,892 Short-term notes payable 732 717 15,435 33,291 4,025 Long-term debt 12,700 Net fixed assets 31,805 Accounts payable 3,984 9,555 1,011 8,927 Inventory Dividends 882
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