Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent): $ 2014 8,235 $ 1,165 2,736 679 Sales Depreciation Cost of

image text in transcribedimage text in transcribed

Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent): $ 2014 8,235 $ 1,165 2,736 679 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 565 4,149 5,479 834 13,900 34,855 4,396 9,710 996 2015 8,809 1,166 3,100 574 643 5,243 6,167 786 16,450 35,757 4,225 9,978 1,091 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.) Ingersoll, Inc., Income Statement 2014 2015 (Click to select) Interest Sales Additions to RE EBIT Dividends TIIUN W SIEC (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Prepare the balance sheet for this company for 2014 and 2015. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.) (Click to select) A SA | | (Click to select) (Click to select) Prepare the balance sheet for this company for 2014 and 2015. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.) Ingersoll, Inc. Balance Sheet as of Dec. 31 2014 2015 Assets (Click to select) (Click to select) (Click to select) Current assets (Click to select) Total assets Il Liabilities (Click to select) (Click to select) Current liabilities (Click to select) (Click to select) Total liabilities & owners' equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Management

Authors: Jeff Madura, Roland Fox

4th Edition

147372550X, 9781473725508

More Books

Students also viewed these Finance questions