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Use the following information on Chartwell Inc. Other expenses 591 515 Interest 485 579 Cash 3,972 4,041 Accounts receivable 5,021 5,892 Short-term notes payable 732
- Use the following information on Chartwell Inc.
| Other expenses | 591 | 515 |
| Interest | 485 | 579 |
| Cash | 3,972 | 4,041 |
| Accounts receivable | 5,021 | 5,892 |
| Short-term notes payable | 732 | 717 |
| Long-term debt | 12,700 | 15,435 |
| Net fixed assets | 31,805 | 33,291 |
| Accounts payable | 3,984 | 4,025 |
| Inventory | 8,927 | 9,555 |
| Dividends | 882 | 1,011 |
Prepare a statement of the financial position of this company for 2011 and 2012. Be sure to list the accounts in order of their liquidity. Prepare a statement of comprehensive income for this company for 2011 and 2012. Assume a tax rate of 34%. Round your answers to 2 decimal places.
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