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Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. 2018 2019 Sales $ 13,573 $ 14,136 Depreciation 1,701 1,776 Cost
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. |
2018 | 2019 | |||||
Sales | $ | 13,573 | $ | 14,136 | ||
Depreciation | 1,701 | 1,776 | ||||
Cost of goods sold | 4,179 | 4,747 | ||||
Other expenses | 966 | 844 | ||||
Interest | 815 | 946 | ||||
Cash | 6,127 | 6,586 | ||||
Accounts receivable | 8,080 | 9,547 | ||||
Short-term notes payable | 1,210 | 1,187 | ||||
Long-term debt | 20,440 | 24,736 | ||||
Net fixed assets | 50,976 | 54,393 | ||||
Accounts payable | 4,448 | 4,764 | ||||
Inventory | 14,351 | 15,328 | ||||
Dividends | 1,150 | 1,658 | ||||
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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