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The Wendell Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year End of
The Wendell Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year End of prior End of current year year Net sales revenue (all credit) $1,220,000 Cost of goods sold $725,000 Gross profit Selling general expenses Interest expense $495,000 $280,000 $42,000 Net Income $173,000 Current assets $113,000 $82,000 Long-term assets $512,000 5440,000 OA. 62.91% OB. 66.8% OC. 149.71% OD. 76 89%
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