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Answer In excel with formulas 5. Create the sources and uses statement for the following firm. Assume that net income for 2019 is $10 (10
Answer In excel with formulas
5. Create the sources and uses statement for the following firm. Assume that net income for 2019 is $10 (10 points) 2018 2019 2018 2019 20 40 60 80 35 Accounts Payable 100 Notes Payable 150 34 Cash and Marketable Securities Account Receivables Inventory Current Assets 50 110 210 285 Current Liabilities 74 110 Gross Fixed Assets Less Accumulated Dep. Net Fixed Assets 650 150 500 700 Long-term Debt 225 Common Stock 475 Retained Earnings 100 300 236 100 310 240 Total Assets 710 760 Total Liabilities and Owner's Equity 710 760Step by Step Solution
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