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The following information pertains to Greenwich Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were
The following information pertains to Greenwich Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Balance Sheet Assets Cash and short-term investments Accounts receivable, net Inventory Property, plant, and equipment Total Assets P40,000 25,000 20,000 210,000 P295,000 Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity -- common Total Liabilities and Stockholders' Equity P60,000 85,000 150,000 P295,000 Income Statement Sales Cost of goods sold Gross profit Operating expenses Net income P85,000 45,000 P40,000 20,000 P20,000 Number of shares of common stock Market price of common stock Dividends per share 6,000 P20 P0.90 The following information pertains to Greenwich Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Balance Sheet Assets Cash and short-term investments Accounts receivable, net Inventory Property, plant, and equipment Total Assets P40,000 25,000 20,000 210,000 P295,000 Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity -- common Total Liabilities and Stockholders' Equity P60,000 85,000 150,000 P295,000 Income Statement Sales Cost of goods sold Gross profit Operating expenses Net income P85,000 45,000 P40,000 20,000 P20,000 Number of shares of common stock Market price of common stock Dividends per share 6,000 P20 P0.90
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