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please show your workings caoriC-0.5665738745503514 1526181013718 The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Balance sheet $
please show your workings
caoriC-0.5665738745503514 1526181013718 The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Balance sheet $ 42,500 19,500 35,500 49,000 419,000 320,000 S 843,000 Accounts receivable (net) Inventory Property & equipment (net) Other assets Total assets Current liabilities Long-term debt (interest rate: 15%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement: Sales revenue (1/2 on credit) Cost of goods sold Operating expenses Net income Other data: Per share stock price at end of current year Average income tax rate Dividends declared and paid in current year 45,500 91,500 162,500 B5,500 427,500 S 91,500 75,500 158,500 30,500 71,500 $ 427,500 63,000 527,000 107,500 74,000 $ 843,000 S 424,500 (233,500) 787,000 (401,500) (164000) (312,500) S 27,00073,000 45% 45% $ 34,500 155,500Step by Step Solution
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