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Use the following information for Ingersoll, Incorporated. Assume the tax rate is 22 percent. 2020 2021 Sales $ 12,573 $ 13,536 Depreciation 1,681 1,756 Cost
Use the following information for Ingersoll, Incorporated. Assume the tax rate is 22 percent. |
2020 | 2021 | |
---|---|---|
Sales | $ 12,573 | $ 13,536 |
Depreciation | 1,681 | 1,756 |
Cost of goods sold | 4,079 | 4,727 |
Other expenses | 956 | 834 |
Interest | 805 | 936 |
Cash | 6,097 | 6,526 |
Accounts receivable | 8,060 | 9,487 |
Short-term notes payable | 1,190 | 1,167 |
Long-term debt | 20,380 | 24,686 |
Net fixed assets | 50,932 | 54,333 |
Accounts payable | 4,416 | 4,704 |
Inventory | 14,317 | 15,308 |
Dividends | 1,050 | 1,638 |
Prepare a balance sheet for this company for 2020 and 2021. (Do not round intermediate calculations.) |
Prepare an income statement for this company for 2020 and 2021. (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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