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I need the answere and the way for getting answere for the questions of ( 6+7+8+9+11+13) Table 4-1: Garland Company Balance Sheet Assets Cash and
I need the answere and the way for getting answere for the questions of ( 6+7+8+9+11+13)
Table 4-1: Garland Company Balance Sheet Assets Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt owner's equity Total liabilities and owner's equity Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes Net income 5,000,000 (2,000,000) $500,000 800,000 1,350,000 50,000 $2,700,000 $3,000,000 $5,700,000 $400,000 900,000 75,000 $1,375,000 1,200,000 3,125,000 $5,700,000 $8,000,000 (3,500,000) (2,000,000) (250,000) 150,000 2,100,000 (700,000) $1,400,000Step by Step Solution
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