Question
Sankey, Inc., has current assets of $7,200, net fixed assets of $25,400, current liabilities of $6,350, and long-term debt of $15,100. (Do not round intermediate
Sankey, Inc., has current assets of $7,200, net fixed assets of $25,400, current liabilities of $6,350, and long-term debt of $15,100. (Do not round intermediate calculations.)
What is the value of the shareholders' equity account for this firm?
Shareholders' equity $____
How much is net working capital?
Net working capital $____
Shelton, Inc., has sales of $393,000, costs of $181,000, depreciation expense of $46,000, interest expense of $27,000, and a tax rate of 30 percent. (Do not round intermediate calculations. |
What is the net income for the firm? |
Net income | $____ |
Suppose the company paid out $36,000 in cash dividends. What is the addition to retained earnings? |
Addition to retained earnings | $____ |
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