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Saved 12 Problerm Summary information from the financial statements of two companies competing in the same industry follows an Data from the current year-end balance
Saved 12 Problerm Summary information from the financial statements of two companies competing in the same industry follows an Data from the current year-end balance sheets Assets Cash Accounts receivable, net 36,400 60,400 Interest expense Merchandise inventory Prepaid expenses Plant assets,net Data from the current year's income statement $800,000 $881,200 590,100 640,$00 9,000 17,000 15,377 24, 327 185, 523 199,373 5.80484 3.82 3.96 Sales s 18,000 32,000 Cost of goods sold 84,440 130,500 Income tax expense 5,800 7,450 Net income 330, 000 308,400 Basic earnings per share $474, 640 $538,750 Cash dividends per share Total assets Beginning-of-year balance sheet data Liabilities and Equity Current liabilities Long-term notes payable 85,800 115,000 Merchandise inventory Common stock, $s par value Retained earnings Total liabilities and $474,640 $538,750 Retained earnings equity $ 32,800 s56.100 s 70,34O S 94,300 Accounts receivable, net 61, 600 113,400 398,000 392,$00 160,000 206,000 95,217 97,129 . 160,000 206,000 Total assets 158,500123,450 Common stock, $5 par value blem 13-5A Part 1 Prev of 2 Next >
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