Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2019 2020 2019 2020 2020 Cash 2000 1800 N/P 2200 1300 Revenue 6000 Marketable Sec 1000 1200 AP 1200 1000 COGS (only supplies) 2000 A/R
2019 2020 2019 2020 2020 Cash 2000 1800 N/P 2200 1300 Revenue 6000 Marketable Sec 1000 1200 AP 1200 1000 COGS (only supplies) 2000 A/R 2300 2000 Accrued Expense 200 300 Gross Profit 4000 Inventory 1400 1000 Salaries Payable 100 100 Opex 1200 Prepaid Expense 200 1100 Taxes Payable 400 350 Depreciation 800 Total Current Asset 6900 7100 Total STLiabilitie 4100 3050 EBIT 2000 Long Term Liabilitie 3600 3950 Interest 1400 Gross Fixed Asset 12300 13700 EBT 600 4300 5100 Common Stock 1000 1200 Tax 132 Accumulated depreciation Net Fixed Asset 8000 8600 Prepaid Expenses 2300 3500 Net Income 468 Retained Earning 3900 4000 Total Asset 14900 15700 Total Liabilities and Sh.El 14900 15700 Use no full stop or comma: enter one hundred thousand as 100000 minus one thousand as - 100000 IUlal ASSEL TOU TUUU Ulal LAUMUS dlus Use no full stop or comma: enter one hundred thousand as 100000 minus on how much inventory purchased = how much cash paid for the inventory = how much cash paid for the tax = how much cash collected from the customers = Op Act = Inv Act = Fin Act =
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