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Help with brief explanations please. PLANT THE CORRECT ANSWER! (5 POINTS EACH - TOTAL 50 POINTS) Listed below is key financial information from two nurseries:
Help with brief explanations please.
PLANT THE CORRECT ANSWER! (5 POINTS EACH - TOTAL 50 POINTS) Listed below is key financial information from two nurseries: Plants 'n Growin' Things and When It Grows. You are asked to calculate the figures for the missing items in cells A thru E. Using your understanding of financial accounting, please list the correct figures for Plants 'n Growin' and When It Grows Nursery in the yellow shaded cells. Plants 'n Growin' When It Grows Nursery Things Nursery Net income after taxes: $30,000 Net income after taxes: $167,200 Owners' equity: $390,000 Owners' equity: $330,000 Total sales: $190,000 Total sales: $980,000 Total assets: $489,000 Total assets: $957,000 Current Assets: $300,000 Current Assets: $787,500 Cost of goods sold: $121,000 Cost of goods sold: $688,000 Net income before taxes: $34,000 Net income before taxes: $209,000 Total Liabilities? Fixed Assets? Tax Expense? Gross Profit? Operating ExpensesStep by Step Solution
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