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At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $3000. Corresponding entries for 2003 are $1600, $2000,
At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $3000. Corresponding entries for 2003 are $1600, $2000, and $2800. Asset values are below. During 2003, Yung.com had sales of $8000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21% and all taxes are paid currently Current Asset 2002 2003 Cash $800 $500 Marketable securities 400 300 Accounts receivable 900 800 Inventory 1800 2000 Fixed Assets $6000 $8000 Net Fixed Asset (Plant&Equipment) In 2003, the net income is $ At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $5000. Corresponding entries for 2003 are $1600, $2000, and $5000. Asset values are below. During 2003, Yung.com had sales of $4000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21% and all taxes are paid currently. Current Asset 2002 2003 Cash $500 $600 Marketable securities 400 300 Accounts receivable 900 800 Inventory 1800 2000 Fixed Assets $6000 $3000 Net Fixed Asset (Plant&Equipment) In 2003, the NOWC is $
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