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The balance sheets for Prufrock Corporation are: Current assets Cash Accounts receivable Inventory Total Total assets The income statement for Prufrock is: Tax rate 2021
The balance sheets for Prufrock Corporation are: Current assets Cash Accounts receivable Inventory Total Total assets The income statement for Prufrock is: Tax rate 2021 84 165 Sales Cost of goods sold Depreciation 393 642 Fixed assets Net plant and equipment 2.731 2.922 3.373 Prufrock Corporation 2022 Income Statement (in millions) Earnings before interest and taxes Interest pald Taxable income Taxes Net income Prufrock Corporation 2021 and 2022 Balance Sheets (in millions) Dividends Additions to retained earnings 2022 98 188 422 708 3.630 21% 2.361 1.344 276 741 141 600 126 474 158 316 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total 2021 312 231 543 531 500 1.799 2.299 Total liabilities and equity 3.373 2022 344 204 548 457 510 1.799 2.309 3.314
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