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Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2018 and 2019. Cash Accounts receivable Inventory Current assets Net fixed
Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2018 and 2019. Cash Accounts receivable Inventory Current assets Net fixed assets Total assets 2018 2019 1,850 2,250 5,550 6,750 5,550 6,750 12,950 15,750 24,050 29,250 37,000 45,000 Accounts payable Current liabilities Long-term debt Total liabilities Equity Liab. & equity 2018 2019 5,550 6,750 5,550 6,750 11,100 13,500 16,650 20,250 20,350 24,750 37,000 45,000 A partial income statement for 2019 is also given: Amount Sales 108,000 Cost 59,400 Depreciation 16,200 Interest 10,800 Taxes (34%) The company had capital expenditure of $21,400 in 2019. 18 Attempt 1/10 for 10 pts. Part 1 What was net income in 2019? 0+ decimals Submit IB Attempt 1/10 for 10 pts. Part 2 What was the change in net working capital? 0+ decimals Submit Attempt 1/10 for 10 pts. Part 3 What was the project cash flow in 2019? 0+ decimals Submit
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