Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started