Question
Test 1 W2021Fin Young, Inc. 2018 Statement of comprehensive income 43 Net sales 1 points ($ in millions) Less: Cost of goods sold Less:
Test 1 W2021Fin Young, Inc. 2018 Statement of comprehensive income 43 Net sales 1 points ($ in millions) Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income 00:40:34 Less: Taxes Net income Addition to retained earnings Dividends paid $1,384 605 599 180 888 80 519 156 $363 $254 109 Graw HA Young, Inc. 2017 and 2018 Statement of financial position ($ in millions) 2017 2018 2017 2018 Cash $100 $121Accounts payable $400 $350 Accounts rec. 350 425 Notes payable 390 370 Inventory 440 410 Total $790 $720 Total $890 $956 Long-term debt 500 550 Net fixed assets 1.556 1.704 Common stock 600 580 Retained earnings 556 810 Total assets $2.446 $2,660 Total liabilities $2,446 $2,660
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