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Cash Accounts rec. Inventory Total Net fixed assets Total assets Net sales A. $0 B. $1,533 C. $1,629 D. $1,646 E. $1,688 Cost of goods
Cash Accounts rec. Inventory Total Net fixed assets Total assets Net sales A. $0 B. $1,533 C. $1,629 D. $1,646 E. $1,688 Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Dividends 2012 Major Manuscripts, Inc. 2012 Balance Sheet $1,040 700 Major Manuscripts, Inc. 2012 Income Statement 7,500 9,240 11.400 $20,640 $950 $17,100 11,200 1,650 4,250 350 $3,900 1.300 $2,600 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2012 $3,350 2,780 10,000 4,510 $20,640 Assume that Major Manuscripts, Inc. is currently operating at 97 percent of capacity and that sales are projected to increase to $20,000. What is the projected addition to fixed assets
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