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Dec 31, 2013 ABC Company Balance Sheet Dec 31, 2014 Assets Current assets Cash $33,000 Accounts receivable 63,000 Inventory 96.000 Total current assets $192.000 Property

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Dec 31, 2013 ABC Company Balance Sheet Dec 31, 2014 Assets Current assets Cash $33,000 Accounts receivable 63,000 Inventory 96.000 Total current assets $192.000 Property and equipment (less dep) 490,000 Total long-term assets $490.000 Total assets $682.002 $45,000 67,000 110.000 $212.000 395,000 $395,000 $607.000 ABC Company Income Statement For the Year Ended December 31, 2014 Liabilities: Current liabilities Accounts payable Accruals Notes payable Total currentabilites Long-term bonds Total long-term labilities Total liabilities $670,000 (390,000) 280,000 38,000 7,000 8.000 $63.000 281.000 $281.000 $334.000 Sales revenue 29,000 Cost of goods sold 9,000 6,000 Gross profit $43.000 Operating expenses 295.000 Salaries and wages $295.000 Depreciation $338,000 Operating income Other revenues and expenses Interest expense 100,000 Pre-tax Income 169,000 $269,000 Income tax expense (40% tax rate) $607.000 Net income (72,000) (40,000) 168,000 Stockholders' Equity Common Stock Retained earrings Total common equity Total abilities and stockholders' equity 100,000 248,000 $348.000 $682,000 (18,000) 150,000 (60,000) 90,000 Use the given financial statements for ABC Company. ABC Company's 2014 Cash Flow from Assets is $ two decimal places. Answer in dollars rounded to Use the financial statements from the previous problem. ABC Company's sustainable growth rate is decimal places. %. Answer in percentage rounded to two

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