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PLease a professor should solve this, many had solved and got it wrong. I need accurate answers. Thank you The following financial statements apply to
PLease a professor should solve this, many had solved and got it wrong. I need accurate answers. Thank you
The following financial statements apply to Rundle Company: 2019 2018 Revenues Net sales Other revenues $210,000 $176,100 5,200 8,900 Total revenues 218,908 181,300 Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 125,500 20,300 9,600 2,600 19,400 177,400 102,300 18,300 8,600 2,600 16, 200 148,000 Total expenses Net income Assets $41,500 33,300 Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses $. 5, 200 2,400 36,500 100,700 4,200 149,000 106,900 20,700 $276,600 $. 7,400 2,400 30,800 95,500 3,200 139,300 106,900 Total current assets Plant and equipment (net) Intangibles Total assets $246,200
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