Use the below information to answer the following questions: 2020 2021 Sales $11,573 $12,936 Depreciation 1661 1736 Cost of goods sold 3979 4707 Other Expenses 846 924 Interest Expense 776 926 Cash 6067 6466 Accounts Receivables 8034 9427 Short-term Notes Payable 1171 1147 Long-term debt 20,320 24,696 Net fixed assets 50,888 54,273 Accounts Payable 4384 4644 Tax rate 26% 34% Inventory 14,283 15,288 Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
Use the below information to answer the following questions: 2020 2021 Sales $11,573 $12,936 Depreciation 1661 1736 Cost of goods sold 3979 4707 Other Expenses 846 924 Interest Expense 776 926 Cash 6067 6466 Accounts Receivables 8034 9427 Short-term Notes Payable 1171 1147 Long-term debt 20,320 24,696 Net fixed assets 50,888 54,273 Accounts Payable 4384 4644 Tax rate 26% 34% Inventory 14,283 15,288 Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
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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Question
Use the below information to answer the following questions:
2020
2021
Sales
$11,573
$12,936
Depreciation
1661
1736
Cost of goods sold
3979
4707
Other Expenses
846
924
Interest Expense
776
926
Cash
6067
6466
Accounts Receivables
8034
9427
Short-term Notes Payable
1171
1147
Long-term debt
20,320
24,696
Net fixed assets
50,888
54,273
Accounts Payable
4384
4644
Tax rate
26%
34%
Inventory
14,283
15,288
Payout ratio
33%
30%
A. Create the Income Statements for 2020 and 2021 (including dividends paid and
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