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3-36 Book versus Market Value (LO2) The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and
3-36 Book versus Market Value (LO2) The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All values are in thousands of dollars. 2021 2022 Revenue $ 4,000 $ 4,100 Cost of goods sold 1,600 1,700 Depreciation 500 520 Inventories 300 350 Administrative expenses 500 550 Interest expense 150 150 Federal and state taxes*Footnote asterisk 400 420 Accounts payable 300 350 Accounts receivable 400 450 Net fixed assetsFootnote 5,000 5,800 Long-term debt 2,000 2,400 Notes payable 1,000 600 Dividends paid 410 410 Cash and marketable securities 800 300 *Footnote asterisk T
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