What decision should Mavis take? (Hint: examine the balance sheet numbers as to whether they can afford the investment)

X Unit: ACCG3030 Strateg X | 3 Microsoft PowerPoint - x 5 Mavis.pdf X 5 Microsoft Word - 2022 x G What decision should ( x *Week 11 pt 3.docx - a) x + -> C @ File | C:/Users/Yasar/Downloads/Mavis.pdf GAI Apps 7 7 Best GoMovies Al... FMovies | Watch Th... = Mavis.pdf 3 /3 100% + EXHIBIT 1 Mavis Machine Shop Selected Financial Information Condensed Income Statement, 1979 Net Sales $5,364,213 Cost of Goods Sold 3,494,941 Selling, General & Administrative 643.706 Profit before Taxes $1,225,566 Income Taxes 602,851 Net Income $622,715 Condensed Balance Sheet, 12/31/79 Cash $532,122 Current Liabilities $930,327 Accounts Receivable 662,107 Long-Term Notes Outstanding (at 10%) 500,000 Inventory 1,858,120 Common Stock 1,000,000 Property Assets 4,390.701 : Retained Earnings 5.011,723 $7,442,050 $7,442,050 58 P X W N S 6:28 AM 5/16/2022