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will rate! please help! Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2018 2019 Sales $ 9,535 $ 10,109
will rate! please help!
Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2018 2019 Sales $ 9,535 $ 10,109 Depreciation 1,295 1,296 Cost of goods sold 2,866 3,230 Other expenses 809 704 695 773 Interest 4,279 5,373 Cash 5,609 6,297 Accounts receivable Accounts receivable 5,609 6,297 Short-term notes payable 964 916 Long-term debt 15,330 17,750 Net fixed assets 36,155 37,317 Accounts payable 4,656 4,355 Inventory 9,840 10,108 Dividends 1,126 1,221 Prepare an income statement for this company for 2018 and 2019. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) Ingersoll, Inc., Income Statement 2018 $ 2019 $ (Click to select) (Click to select) (Click to select) (Click to select) $ ta $ ta (Click to select) (Click to select) $ $ (Click to select) (Click to select) 2018 2019 w $ $ (Click to select) (Click to select) Additions to RE Dividends EBIT Interest TA $ tA $ Sales $ $ (Click to select) (Click to select) $ (Click to select) $ $ ta $ (Click to select) (Click to select) Prepare the balance sheet for this company for 2018 and 2019. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.) Ingersoll, Inc. Balance Sheet as of Dec. 31 2018 2019 $ Assets (Click to select) (Click to select) (Click to select) ta $ $ $ Current assets (Click to select) $ $ Total assets Liabilities t Liabilities (Click to select) W (Click to select) $ $ $ Current liabilities (Click to select) (Click to select) Total liabilities & owners' equity $Step by Step Solution
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