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6. The following statement of financial position and statement of comprehensive income should be used. Woodburn, Inc. 2015 Statement of comprehensive income (S in
6. The following statement of financial position and statement of comprehensive income should be used. Woodburn, Inc. 2015 Statement of comprehensive income (S in thousands) Net Sales $6,380 Less: Cost of Goods Sold 4,120 360 1,900 45 S1,855 650 $1.205 Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable Income Less: Taxes Net Income Woodburn, Inc. Statement of financial position Years ended 2014 and 2015 (S in thousands) 2014 2015 2014 2015 S 230 S 340 Accounts payable 950 Long-term debt 1460 Common stock S2,630 $2,750 Retained carnings 3,220 S 850 S1,020 1,400 2,200 1.350 Cash Accounts ree 910 1,650 2,500 Inventory Total Net fixed assets Total assets 1.490 820 3.190 S5.820 $5.970 Total liabilities & equity $5.820 $5.970 How many dollars of sales are being generated by every $1 that Woodburn has in total assets ($ in thousands)? (Use 2015 assets)
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