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Reference the following financial information for Vikings Corp: 2013 2014 $4,000 $4,100 Revenue 1,600 1,700 Cost of goods sold 500 Depreciation 520 300 Inventories 350
Reference the following financial information for Vikings Corp: 2013 2014 $4,000 $4,100 Revenue 1,600 1,700 Cost of goods sold 500 Depreciation 520 300 Inventories 350 Administrative expenses 500 550 150 150 Interest expense Federal and state taxes 01 400 420 300 Accounts payable 350 400 Accounts receivable 450 Net fixed assets (2) 5,800 5,000 2,000 2,400 Long-term debt 1,000 Notes payable 600 Dividends paid 410 410 800 300 Cash and marketable securities (1) Taxes are paid in their entirety in the year that the tax obligation is incurred. (2) Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed
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