Use the following information for Ingersoll, Inc., (assume the tax rate is 34 percent): 2014 2015 Sales
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Use the following information for Ingersoll, Inc., (assume the tax rate is 34 percent): |
2014 | 2015 | |||
Sales | $ | 9,835 | $ | 10,409 |
Depreciation | 1,325 | 1,326 | ||
Cost of goods sold | 2,896 | 3,260 | ||
Other expenses | 839 | 734 | ||
Interest | 725 | 803 | ||
Cash | 4,309 | 5,403 | ||
Accounts receivable | 5,639 | 6,327 | ||
Short-term notes payable | 994 | 946 | ||
Long-term debt | 15,560 | 18,050 | ||
Net fixed assets | 36,455 | 37,857 | ||
Accounts payable | 4,716 | 4,385 | ||
Inventory | 9,870 | 10,138 | ||
Dividends | 1,156 | 1,251 |
Prepare an income statement for this company for 2014 and 2015.(Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) |
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