Question
During the Year Ended 12/31/2020 the Financial Statements of XXX Co. should the followings: Year Ended 2019 Year Ended 2020 Change Sales 2000 2500 500
During the Year Ended 12/31/2020 the Financial Statements of XXX Co. should the followings:
Year Ended 2019 Year Ended 2020 Change
Sales 2000 2500 500
Cost of Goods Sold 1600 2100 5000
Gross Profit 400 400 0
Depreciation 20 25 5
Other Operating Expenses 80 175 95
Gain on sale of assets 10
Net Income 300 210 -90
Account Receivable 20 40 20
Account Payable 30 25 -5
Inventory 15 25 10
Equipment 100 130 30
less: Accumulated
Depreciation -50 -70 -20
DISNEY PURCHASE A NEW EQUIPMENT FOR $40
What is the gross profit margin of 2020?
What is the book value of the sold equipment?
What is the historical cost of the sold equipment?
What is the accumulated depreciation on the sold equipment
What is the selling price for the sold equipment
What is the cash flow from investment activities?
help me fast please
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