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Additional Information: 1. Operating expenses include depreciation expense of $10,000 2. Accounts Payable related to the purchase of inventory 3. Equipment that cost $12,500 was
Additional Information: 1. Operating expenses include depreciation expense of $10,000 2. Accounts Payable related to the purchase of inventory 3. Equipment that cost $12,500 was sold at a loss of $2,500 4. New equipment was purchased during the year for $8,500 5. Dividends declared and paid in 205 totalled $3,000 6. Common shares were sold for $12,000 cash 7. Interest payable in 205 was $800 greater than interest payable in 204 Seaforce Manufacturing Inc. comparative balance sheet at December 31205 4. New equipment was purchased during the year for $8,500 5. Dividends declared and paid in 205 totalled $3,000 6. Common sharos were sold for $12,000 cash 7. Interest payable in 205 was $800 greater than interest payable in 204 Seaforce Manufacturing inc, comparative balance sheet at December 31205 Round answers to fit 2 decimal places in all questions (in % questions a 0.12 is presented as 12%, so a 0.124 is rounded as 12% and 0.127 is rounded as 1395) Total return on sales at December 205 was: Total return on sales at December 205 was: Multiple Choice Between 5.1% and 9.0% Equal or below 2% Not enough data provided to calculate it Between 2.1% and 5.0% Equal or above 9.0%
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