Question
Balance Sheet Balance Sheet Current Year Preceding Year Cash $16,300.00 $22,000.00 Short-Term investments $10,750.00 $25,500.00 Net Receivables $49,000.00 $77,360.00 Inventory $81,000.00 $78,500.00 Prepaid Expenses $21,500.00
Balance Sheet | Current Year |
| Preceding Year | |||||||||||||||||||||
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Cash | $16,300.00 |
| $22,000.00 | |||||||||||||||||||||
Short-Term investments | $10,750.00 |
| $25,500.00 | |||||||||||||||||||||
Net Receivables | $49,000.00 |
| $77,360.00 | |||||||||||||||||||||
Inventory | $81,000.00 |
| $78,500.00 | |||||||||||||||||||||
Prepaid Expenses | $21,500.00 |
| $9,200.00 | |||||||||||||||||||||
Total Current Assets | $178,550.00 |
| $212,560.00 | |||||||||||||||||||||
Total Current Liabilities | $125,000.00 |
| $89,000.00 | |||||||||||||||||||||
Income Statement |
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Net Credit Sales | $427,050.00 |
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Cost of Goods Sold | $319,000.00 |
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
8th Global Edition
1292155035, 9781292155036
