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Assume there are 360 days in the year Assume the company has no debt Retained earnings at December 31,2023 is $764,000 Common stock including

Assume there are 360 days in the year\ Assume the company has no debt\ Retained earnings at December 31,2023 is

$764,000

\ Common stock including Addition Paid in Capital is

$500,000

at the end of 2023\ In 2023\ Sales (all credit sales) are

$4.2

million\ Gross margin is

60%

\ : Net proft margin defined as net income after taxes is

8%

of sales The tax rate is

20%

\ What is Cost of Goods sold\ What is the gross profit\ What is OPEX (Operating Expenses)\ Receivable are collected in 35 days\ What is AR\

$20,000

of Dividends are paid in 2023\ What is equity at the end of 2023\ What is equity at the end of 2023 Assuming total assets are

5,700,000

what are the total liabilities

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- Assume there are 360 days in the year - Assume the company has no debt - Retained earnings at December 31,2023 is $764,000 - Common stock including Addition Paid in Capital is $500,000 at the end of 2023 In 2023 - Sales (all credit sales) are $4.2 million - Gross margin is 60% - Net profit margin defined as net income after taxes is 8% of sales - The tax rate is 20% - What is Cost of Goods sold - What is the gross profit - What is EBT (Earnings Before Taxes) - What is OPEX (Operating Expenses) Receivable are collected in 35 days - What is AR $20,000 of Dividends are paid in 2023 - What is equity at the end of 2023 - Assuming total assets are 5,700,000 what are the total liabilities - Assume there are 360 days in the year - Assume the company has no debt - Retained earnings at December 31,2023 is $764,000 - Common stock including Addition Paid in Capital is $500,000 at the end of 2023 In 2023 - Sales (all credit sales) are $4.2 million - Gross margin is 60% - Net profit margin defined as net income after taxes is 8% of sales - The tax rate is 20% - What is Cost of Goods sold - What is the gross profit - What is EBT (Earnings Before Taxes) - What is OPEX (Operating Expenses) Receivable are collected in 35 days - What is AR $20,000 of Dividends are paid in 2023 - What is equity at the end of 2023 - Assuming total assets are 5,700,000 what are the total liabilities

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