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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars.
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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars 2016 $5,600 $5,700 1,900 440 285 460 220 810 325 525 5,530 2,410 740 320 390 2015 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 1,800 420 250 410 220 790 280 450 4,900 2,000 1,010 320 800 Taxes are paid in their entirety in the year that the tax obligation is incurred Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed Construct a balance sheet for Fincorp for 2015 and 2016 Fincorp Inc. Balance Sheet Assets 2015 2016 Liabilities and Shareholders' Equity 2015 2016 Total liabilities Total assets $0 $O Total liabilities and shareholders' equityStep by Step Solution
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