Question
What is the average interest rate paid by the company in 2006? Dec 31, 2005 Dec 31, 2006 Net income $106,300 Interest expense 9,000 Depreciation
Dec 31, 2005 Dec 31, 2006 Net income $106,300 Interest expense 9,000 Depreciation expense 20,000 Total operating expense 898,050 Total current assets $937,650 995,600 Total current liabilities 545,850 565,500 Equipment 160,000 190,000 Loan 172,000 154,000 Capital Stock 240,000 240,000 Retained earnings 139,800 226,100
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
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9th Edition
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