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Revenue and expenses information from January 1 to March 31, 2023 were: Sales Revenue of $9,600,000 COGS of 35% of Sales Interest of $160,000 Other
Revenue and expenses information from January 1 to March 31, 2023 were: Sales Revenue of $9,600,000 COGS of 35% of Sales Interest of $160,000 Other Expenses of $400,000 SG\&A of $1,920,000 Tax Rate of 34% What is the net income in the first quarter of 2023 ? Note: Revenue and expense amounts are provided in dollars but the financial statement units are thousands of dollars. Round the income taxes amount to the nearest integer when you apply the tax rate. Please specify your answer in the same units as the financial statements (i.e., enter the number from your completed income statement). What is the value for Total Assets on March 31, 2023? Between January 1 and December 31, 2022: 1. Accounts Receivable increase by $500,000 2. Accounts Payable increase by $700,000 3. Gross Property, Plant, \& Equipment increase by $9,400,000 4. Long Term Debt decreases by $400,000 Assume no other changes What is the Net Cash Flow? Note: Account change amounts are provided in dollars but the financial statement units are thousands of dollars. Between January 1 and March 31, 2023: 1. Cash increases by $200,000 2. Other Assets decrease by $100,000 3. Paid-In Capital does not change 4. Dividends paid of $200,000 What is the value for Liabilities on March 31, 2023 ? Note: Account change amounts are provided in dollars but the financial statement units are thousands of dollars. Please specify your answer in the same units as the financial statements (i.e., enter the number from your updated balance sheet)
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