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The largest single source of funds for the firm in 2015 is ________. (See Table Above) a. an increase in inventory b. an increase in long-term debt c. an increase in net profits after taxes d. an increase in notes payable

The largest single source of funds for the firm in 2015 is ________. (See Table Above) a. an increase in inventory b. an increase in long-term debt c. an increase in net profits after taxes d. an increase in notes payable

Essentials Of Investments
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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The largest single source of funds for the firm in 2015 is ________. (See Table Above)
a.
an increase in inventory
b.
an increase in long-term debt
c.
an increase in net profits after taxes
d.
an increase in notes payable
True Sandpaper Co. Balance Sheets For the Years Ended 2014 and 2015 2015 2014 Assets Cash $ 800 $ 600 Marketable securities 200 200 1,200 2,000 Accounts reeivable 1,000 Inventories 1,800 Gross fixed assets 3,000 2,800 Less Accumulated Depreciation 1,000 800 $2,000 Net fixed assets $2,000 Total assets $6,200 $5,600 Liabilities Accounts payable Notes payable 200 100 800 900 Accruals 100 100 Long-term debt Stockholders' equity Common stock at par Paid-in capital in excess of par Retained earning s Total liabilities and equity 2,000 1,500 500 500 2,000 2,000 600 500 $6,200 $5,600 Net profits after taxes for 2015: $150.00
Transcribed Image Text:True Sandpaper Co. Balance Sheets For the Years Ended 2014 and 2015 2015 2014 Assets Cash $ 800 $ 600 Marketable securities 200 200 1,200 2,000 Accounts reeivable 1,000 Inventories 1,800 Gross fixed assets 3,000 2,800 Less Accumulated Depreciation 1,000 800 $2,000 Net fixed assets $2,000 Total assets $6,200 $5,600 Liabilities Accounts payable Notes payable 200 100 800 900 Accruals 100 100 Long-term debt Stockholders' equity Common stock at par Paid-in capital in excess of par Retained earning s Total liabilities and equity 2,000 1,500 500 500 2,000 2,000 600 500 $6,200 $5,600 Net profits after taxes for 2015: $150.00
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