Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2014 2015 Cost of goods sold $3,670 $4,109 Cash 250 313 Depreciation 125 122 Interest expense 291 280 Current liabilities 717 1,051 Net fixed assets

2014

2015

Cost of goods sold

$3,670

$4,109

Cash

250

313

Depreciation

125

122

Interest expense

291

280

Current liabilities

717

1,051

Net fixed assets

4,006

4,123

Sales

5,831

6,423

Accounts receivable

1,092

1,162

Long-term debt

2,400

1,100

Inventory

1,495

1,521

New equity

0

250

Taxes

590

672

What is the amount of dividend paid in 2014?

What is the net income in 2015?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions