Question
Item 2018 2019 Accounts Payable 120.0 150.0 Accounts Receivable 150.0 180.0 Accumulated Depreciation 330.0 360.0 Cash & Cash Equivalents 10.0 12.0 Common Stock 150.0 200.0
| Item | 2018 | 2019 |
| Accounts Payable | 120.0 | 150.0 |
| Accounts Receivable | 150.0 | 180.0 |
| Accumulated Depreciation | 330.0 | 360.0 |
| Cash & Cash Equivalents | 10.0 | 12.0 |
| Common Stock | 150.0 | 200.0 |
| Cost of Goods Sold | 750.0 | 850.0 |
| Depreciation | 25.0 | 30.0 |
| Interest Expense | 30.0 | 33.0 |
| Inventory | 200.0 | 180.0 |
| Long-term Debt | 150.0 | 150.0 |
| Gross Plant & Equipment | 650.0 | 780.0 |
| Retained Earnings | 208.5 | 225.0 |
| Sales | 1,500.0 | 1,700.0 |
| SG&A Expenses | 500.0 | 570.0 |
| Notes Payable | 51.5 | 67.0 |
| Tax Rate | 21% | 21% |
(a) How much did Thompson Company spend in acquiring fixed assets in 2019?
(b) How much dividend did Thompson Company pay out during 2019?
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Fraud Examination
Authors: W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman
3rd edition
324560842, 978-0324560848
