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Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. 2018 2019 Sales $ 16,073 $ 15,636 Depreciation 1,751 1,826 Cost
Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. |
2018 | 2019 | |||||
Sales | $ | 16,073 | $ | 15,636 | ||
Depreciation | 1,751 | 1,826 | ||||
Cost of goods sold | 4,429 | 4,797 | ||||
Other expenses | 991 | 869 | ||||
Interest | 840 | 971 | ||||
Cash | 6,202 | 6,736 | ||||
Accounts receivable | 8,130 | 9,697 | ||||
Short-term notes payable | 1,260 | 1,237 | ||||
Long-term debt | 20,590 | 24,861 | ||||
Net fixed assets | 51,086 | 54,543 | ||||
Accounts payable | 4,528 | 4,914 | ||||
Inventory | 14,436 | 15,378 | ||||
Dividends | 1,400 | 1,708 | ||||
Prepare a balance sheet for this company for 2018 and 2019. (Do not round intermediate calculations.) |
Prepare an income statement for this company for 2018 and 2019. (Enter all answers as positive values. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. ) |
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