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Use the following financial statement information to answer the question listed below: 2014 2013 Inventory $54,000 $48,000 Curr Assets 81,000 106,000 Total Assets 382,000 326,000
Use the following financial statement information to answer the question listed below: | |||||||||
2014 | 2013 | ||||||||
Inventory | $54,000 | $48,000 | |||||||
Curr Assets | 81,000 | 106,000 | |||||||
Total Assets | 382,000 | 326,000 | |||||||
Curr Liabs | 27,000 | 36,000 | |||||||
Total Liabs | 102,000 | 88,000 | |||||||
Common stock equity | 240,000 | 198,000 | |||||||
Net sales | 784,000 | 697,000 | |||||||
Cost of goods sold | 306,000 | 277,000 | |||||||
Net income | 134,000 | 90,000 | |||||||
Tax expense | 22,000 | 18,000 | |||||||
Interest income | 12,000 | 12,000 | |||||||
Dividends paid to Preferred shares | 4,000 | 4,000 | |||||||
Dividends paid to common shares | 15,000 | 10,000 |
Create a classified BS and an IS for 2015 for the company. |
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