Question
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ???
Category | Prior year | Current year |
Accounts payable | 41,400 | 45,000 |
Accounts receivable | 115,200 | 122,400 |
Accruals | 16,200 | 13,500 |
Additional paid in capital | 200,000 | 216,660 |
Cash | ??? | ??? |
Common Stock @ par value | 37,600 | 42,000 |
COGS | 131,400 | 177,230.00 |
Depreciation expense | 21,600 | 23,748.00 |
Interest expense | 16,200 | 16,423.00 |
Inventories | 111,600 | 115,200 |
Long-term debt | 135,000 | 137,679.00 |
Net fixed assets | 375,563.00 | 399,600 |
Notes payable | 59,400 | 64,800 |
Operating expenses (excl. depr.) | 50,400 | 67,169.00 |
Retained earnings | 122,400 | 136,800 |
Sales | 255,600 | 336,160.00 |
Taxes | 9,900 | 18,724.00 |
What is the entry for the current year's cost of goods sold on a common-sized income statement?
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Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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