Question
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35 40 Annual Income Statements 2017 2018 Sales 525,800 559,700 COGS ???? 149,600 Gross profit 381,000 410,100 Oper.
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35 40
Annual Income Statements | ||
2017 | 2018 | |
Sales | 525,800 | 559,700 |
COGS | ???? | 149,600 |
Gross profit | 381,000 | 410,100 |
Oper. exp | 236,100 | 250,100 |
Depreciation | 15,000 | 16,160 |
Operating profit | 129,900 | 143,840 |
Interest exp. | 9,500 | 10,600 |
EBT | 120,400 | 133,240 |
Taxes | 34,910 | 42,880 |
Net Income | 85,490 | 90,360 |
Annual Balance Sheets | ||
2017 | 2018 | |
Cash | 440,200 | 468,600 |
Accounts rec | 278,400 | 252,300 |
Inventories | 293,500 | 315,700 |
Current Assets | 1,012,100 | 1,036,600 |
Net fixed assets | 1,125,000 | ??? |
Land | 100,200 | 120,600 |
Total Assets | 2,237,300 | 2,357,400 |
Notes payable | 250,000 | 177,500 |
Accounts payable | 110,200 | 115,800 |
Accruals | 12,900 | 10,600 |
Current portion of long-term debt | 100,200 | 195,200 |
Current Liabilities | 473,300 | 499,100 |
Long-term debt | 1,000,000 | 900,000 |
Common stock @ ($0.25 par) | 25,000 | 30,300 |
Additional paid in capital | 500,000 | 610,200 |
Retained earnings | 239,000 | 317,800 |
Total Liabilities & Equity | 2,237,300 | 2,357,400 |
35. Net fixed assets in 2018 were $__________. 36. COGS in 2017 was $__________. 37. The debt ratio for 2017 was ____%. 38. Cash flow from operations in 2018 was $________. 39. Cash flow from investing in 2018 was $__________. 40. Total dividends paid in 2017 was $________.
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