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5. Use the following data for the DQR Company to answer the question below. Note that the balance sheet accounts listed below are the only
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Use the following data for the DQR Company to answer the question below. Note that the balance sheet accounts listed below are the only items on the company's balance sheet for each year and the income statement accounts are the only items on the company's income statement for each year. Year 1 550 510 1000 Year 2 230 ? 300 1100 320 Item Accounts payable Accounts receivable Accruals Capital surplus Cash Common stock Cost of goods sold Depreciation expense Interest expense Inventory Long-term debt Net fixed assets Notes payable Operating expense Retained earnings Sales Taxes 300 2000 4,000 170 160 3000 1500 2700 750 330 ? 5,240 150 550 2250 4600 350 190 3250 1650 2500 580 430 840 6000 140 In Year 1. net income was Long-term debt Net fixed assets Notes payable Operating expense Retained earnings Sales Taxes In Year 1. net income was 1500 2700 750 330 ? 5,240 150 1650 2500 580 430 840 6000 140 Compute your answer as a whole number rounded (if necessary) to zero decimal places. Enter your answer without a dollar sign and without any commas. Your Step by Step Solution
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