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Use the following data for the XYZ Company to answer questions 2-8. The balance sheet accounts listed below are the only items on the company's
Use the following data for the XYZ Company to answer questions 2-8. The balance sheet accounts listed below are the only items on the company's balance sheet for each year and the income statement accounts are the only items on the company's income statement for each year tem Accounts Payable Accounts Receivable Accruals 550 1,000 1,100 300 550 Common Stock Cost of Goods Sold Depreciation Expense Interest Expense Inventory Long Term Debt Net Fixed Assets Notes Payable Operating Expense Retained Earning:s Sales Taxes 1,940 4,000 200 170 3,000 2.250 4.400 350 190 3,250 1.750 2,600 1,500 2,700 750 580 430 940 6,000 300 5,000 0140 120 2. The 2018 accounts receivable was $ a. 350 b. 375 . 400 d. 425 e. 450 %. 3. The operating profit margin in 2018 was $ a. 8.99 b. 9.25 c. 13.67 d. 12.00 e. 10.33 he cost of goods sold on a common sized income statement in 2018 was 71 a. b. 79 C. 73 e. 75
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