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The following information pertains to Tamarisk, Inc.. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were
The following information pertains to Tamarisk, Inc.. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets $40000 33000 24000 241000 $338000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $64000 82000 192000 $$ 338000 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income 92000 48000 44000 15000 $29000 13000 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations $16 50000
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