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Below is the balance sheet for Northern Comfort Company for December 31 of 2021 and 2022. 2021 2022 2021 2022 Cash 850 1,100 Accounts payable
Below is the balance sheet for Northern Comfort Company for December 31 of 2021 and 2022. 2021 2022 2021 2022 Cash 850 1,100 Accounts payable 2,550 3,300 Accounts receivable 2,550 3,300 Current liabilities 2,550 3,300 Inventory 2,550 3,300 Long-term debt 5,100 6,600 Current assets 5,950 7,700 Total liabilities 7,650 9,900 Net fixed assets 11,050 14,300 Equity 9,350 12,100 Total assets 17,000 22,000 Total liab. & equity 17,000 22,000 The income statement for 2022 is also given: Amount Sales 52,800 Cost 29,040 Depreciation 5,280 EBIT 18,480 Interest 5,280 Taxes 3,300 Net income 9,900 The company paid $7,150 in dividends to shareholders at the end of the year. The company has not made any investments in other companies. Attempt 2/3 for 1
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