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The fiscal 2018 year-end values in company A financial accounts are below. Accounts payable Account receivable Cash Common Stock Cost of goods sold Depreciation expense Net property Plant & Equipment Interest Expense Inventory Long-Term Debt Short-Term Notes Payable Retained Earnings Sales Revenue SG&A Expense 2018 Tax Rate Net Working Capital 2020 end Rention Ratio 1260 865 8800 4673 1590 16085 312 2888 5000 300 2377 19385 2600 21% $392 70% Forecast the 2019 financial statements. Also calculate percent of sales for all line items that

The fiscal 2018 year-end values in company A financial accounts are below. Accounts payable Account receivable Cash Common Stock Cost of goods sold Depreciation expense Net property Plant & Equipment Interest Expense Inventory Long-Term Debt Short-Term Notes Payable Retained Earnings Sales Revenue SG&A Expense 2018 Tax Rate Net Working Capital 2020 end Rention Ratio 1260 865 8800 4673 1590 16085 312 2888 5000 300 2377 19385 2600 21% $392 70% Forecast the 2019 financial statements. Also calculate percent of sales for all line items that

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The fiscal 2018 year-end values in company A financial accounts are below. Accounts payable Account receivable Cash 1260 865 Common Stock 8800 Cost of goods sold Depreciation expense Net property Plant & Equipment Interest Expense Inventory Long-Term Debt Short-Term Notes Payable Retained Earnings 4673 1590 16085 312 2888 5000 300 2377 Sales Revenue 19385 SG&A Expense 2600 2018 Tax Rate 21% Net Working Capital 2020 end Rention Ratio $392 70% Forecast the 2019 financial statements. Also calculate percent of sales for all line items that vary with sales.
Transcribed Image Text:The fiscal 2018 year-end values in company A financial accounts are below. Accounts payable Account receivable Cash 1260 865 Common Stock 8800 Cost of goods sold Depreciation expense Net property Plant & Equipment Interest Expense Inventory Long-Term Debt Short-Term Notes Payable Retained Earnings 4673 1590 16085 312 2888 5000 300 2377 Sales Revenue 19385 SG&A Expense 2600 2018 Tax Rate 21% Net Working Capital 2020 end Rention Ratio $392 70% Forecast the 2019 financial statements. Also calculate percent of sales for all line items that vary with sales.
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