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Please show work on these so I know how they are calculated. Thanks in advance! Seven metrics The following data were taken from the financial
Please show work on these so I know how they are calculated. Thanks in advance!
Seven metrics The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets Property, plant, and equipment (net) Liabilities $1,142,400 Current liabilities Mortgage note payable, 10%, ten-year note issued two years ago Total liabilities $162,000 816,000 $978,000 Stockholders' equity Preferred $2 stock, $100 par (no change during year) $978,000 Common stock, $10 par (no change during year) 978,000 Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year $1,044,000 350,000 $1,394,000 $19,560 70,440 90,000 1,304,000 Total stockholders' equity $3,260,000Step by Step Solution
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