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1)What is the Net Plant and Equipment in 1998 and 1999? 2)Calculate the Cash balance in 1998 and 1999? 3)What is the firms Net Income
1)What is the Net Plant and Equipment in 1998 and 1999?
2)Calculate the Cash balance in 1998 and 1999?
3)What is the firms Net Income in 1998 and 1999?
4)What is the quick ratio in 1998 and 1999?
| 1998 > > 1999 } } } } Notes Payable $250,000 $220,000 - T Inventories> $530,000 $490,000 Long-term Investment (Long-term Asset) $70,000 $80,000 Sales> > $2,500,000> > $2,900,000 || Corporate Bond (Long-term Debt) $580,000 $650,000T Annual Depreciation - - - - $100,000 $110,000 | Excess Paid in Capital - - - - $100,000 - - $130,0001 Taxes - - - - - - $70,000 - - $90,000 Cash>> > > > ???? Accumulated Depreciation - $200,000 $310,000|| Accounts Payable> > > $540,000 > > $500,000T Costs of Good Sold $1,600,000> > $1,900,000T Interest Expenses- - - - - $80,000 - - $90,000 Retained Earnings> - $180,000 > > $210,000 Common Stock-> - - - - $100,000 - - $150,000 Gross Plant & Equipment $1,000,000> > $1,310,0001 Seling & Administrative Expense - - $300,000 > > $450,000 Accounts Receivable $180,000 $230,0001 | Marketable Securities $20,000 - - $20,000 Accrued Expenses > $70,000 $50,000T | Total Shares Outstanding 100,000 150,0001 | R&D Expense $170,000 $190,000 | } } } } }Step by Step Solution
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