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Use the following information to answer question number 21: Mackie Computer Company Balance Sheet as of December 31 (in Thousands) Cash 129,000 84,000 117.000 $330,000
Use the following information to answer question number 21: Mackie Computer Company Balance Sheet as of December 31 (in Thousands) Cash 129,000 84,000 117.000 $330,000 256,500 361,000 Accounts payable Notes payable Other current liabilities S 77,500 336,00 Inventories 241.500 $655,000 Total current assets Total current liabilities Long-term debt Common equity Total liabilities and equity Net fixed assets Total assets Mackie Computer Company: Income Statement for Year Ended December 31 (in Thousands) Sales Cost of goods sold $1,607,500 717,000 453,000 68,000 113,000 Heat, light, and power Indirect labor Depreciation Gross proft Selling expenses General and administrative expenses S 215,000 115,000 s 70,000 S 45,500 S 27.300 Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (40%) Net income
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