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Part two is NOT $20,433.6 Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2018 and 2019. 2018 2019 2018
Part two is NOT $20,433.6
Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2018 and 2019. 2018 2019 2018 2019 Cash 1,700 2,150 Accounts payable 5,100 6,450 5,100 6,450 Current liabilities 5,100 6,450 Accounts receivable Inventory Current assets 5,100 6,450 11,900 15,050 Long-term debt 10,200 12,900 Total liabilities 15,300 19,350 Equity 18,700 23,650 Total liab. & equity 34,000 43,000 Net fixed assets 22,100 27,950 34,000 43,000 Total assets A partial income statement for 2019 is also given: Amount 103,200 56,760 Sales Operating costs except dep. Depreciation Interest Taxes (34%) 15,480 10,320 Part 1 B | Attempt 1/3 for 10 pts. What was net income in 2019? 13,622.40 Correct Amount Sales 103,200 56,760 Operating costs except dep. Depreciation 15,480 30,960 EBIT 10,320 20,640 Interest EBT Taxes (34%) Net income 7,018 13,622 Part 2 1 - Attempt 2/3 for 10 pts. What was NOPAT + depreciation in 2019? 0+ decimals SubmitStep by Step Solution
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