Question
calculate the DuPont model given the following information: YEAR ONE: cash-$16,080; accounts receivable-$9,500; prepaid-$3,150; supplies-$675; equipment-$25,200; accumulated depreciation (equipment)-$8,150 YEAR TWO: cash-$20,000; accounts receivable-$15,000; prepaid-$1175;
calculate the DuPont model given the following information:
YEAR ONE: cash-$16,080; accounts receivable-$9,500; prepaid-$3,150; supplies-$675; equipment-$25,200; accumulated depreciation (equipment)-$8,150
YEAR TWO: cash-$20,000; accounts receivable-$15,000; prepaid-$1175; supplies-$2675; equipment-$89,0857; accumulated depreciation (equipment)-$36,800
Additional year two data: Equity-$82,600; net sales-$325,000; net income-$56,824
Assume sales revenue and net sales are the same. Leave as a decimal to two places.
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Accounting And Social Theory An Introduction
Authors: Lisa Jack
1st Edition
1138100714, 9781138100718
