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Income Statement Data Quarter 1 (in 000s) Sales Revenues $50,000 Operating Profit 14,400 Net Income $9,555 Balance Sheet Data Total Current Assets $75,000 Total Assets
Income Statement Data | Quarter 1 (in 000s) |
Sales Revenues | $50,000 |
Operating Profit | 14,400 |
Net Income | $9,555 |
Balance Sheet Data | |
Total Current Assets | $75,000 |
Total Assets | 140,000 |
Total Current Liabilities | 27,000 |
L-T Debt (draw against credit line) | 23,000 |
Total Equity | 90,000 |
Other Financial Data | |
Depreciation | $4,000 |
Dividend payments | $2,250 |
Based on the above figures, the company |
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