Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I'm missing a few things and I can't figure out whart I'm doing wrong... I've included what I've got for the answer to this below.
I'm missing a few things and I can't figure out whart I'm doing wrong... I've included what I've got for the answer to this below.
Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent): |
2014 | 2015 | |||
Sales | $ | 7,935 | $ | 8,509 |
Depreciation | 1,135 | 1,136 | ||
Cost of goods sold | 2,706 | 3,070 | ||
Other expenses | 649 | 544 | ||
Interest | 535 | 613 | ||
Cash | 4,119 | 5,213 | ||
Accounts receivable | 5,449 | 6,137 | ||
Short-term notes payable | 804 | 756 | ||
Long-term debt | 13,570 | 16,150 | ||
Net fixed assets | 34,555 | 35,397 | ||
Accounts payable | 4,336 | 4,195 | ||
Inventory | 9,680 | 9,948 | ||
Dividends | 966 | 1,061 | ||
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started