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Use the following information for Ingersoll, Inc. Assume the tax rate is 22 percent. 2018 2019 Sales $ 16,573 $ 15,936 Depreciation 1,761 1,836 Cost
Use the following information for Ingersoll, Inc. Assume the tax rate is 22 percent. 2018 2019 Sales $ 16,573 $ 15,936 Depreciation 1,761 1,836 Cost of goods sold 4,479 4,807 Other expenses 996 874 Interest 845 976 Cash 6,217 6,766 Accounts receivable 8,140 9,727 Short-term notes 1,270 1,247 payable Long-term debt 20,620 24,886 Net fixed assets 51,108 54,573 Accounts payable 4,544 4,944 Inventory 14,453 15,388 Dividends 1,450 1,718 1207 Prepare a balance sheet for this company for 2018 and 2019. (Do not round intermediate calculations.) INGERSOLL, INC. Balance Sheet as of Dec. 31 2018 2019 Assets | Cost of goods sold i Current assets $ 86,454 Total assets Liabilities & Equity Accounts payable Notes payable Current liabilities $ 6,191 Total liabilities & owners' equity 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.) TACO SWELL, INC. Income Statement 2018 2019 Sales COGS Other expenses Depreciation EBIT Interest EBT Total liabilities & owners' equity 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.) TACO SWELL, INC. Income Statement 2018 2019 Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE
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