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PLEASE USE THE VALUES GIVEN AND PLEASE ANSWER WITH DETAILED EXPLANATION SO I CAN UNDERSTAND Problem 1 (30pts): Fill in the missing values in the
PLEASE USE THE VALUES GIVEN AND PLEASE ANSWER WITH DETAILED EXPLANATION SO I CAN UNDERSTAND
Problem 1 (30pts): Fill in the missing values in the six empty cells) in the income statement below. XYZ Corporation - Income Statement $000's 2005 2500 Revenue Allowance for Adjustments & Warranty Net Revenue 25 2006 2750 35 2715 2007 3000 40 2960 2475 Cost of Goods Sold Contribution Margin 1450 1025 1625 1090 Sales, General, and Administrative Expenses: All Items except Depreciation Depreciation 550 100 575 100 600 100 T 460 Operating Income Other Income (no writedowns) Net Income 20 15 385 475 A prospective buyer declined to purchase the company. Using 10 words or less, why do you think that might be? What is the company's net cash flow in 2007? At the end of 2006, the above company had retained earnings of $2 million. If they paid a $125 thousand dividend in 2007, what are its retained earnings at the end of 2007Step by Step Solution
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