Question
( Working with an income statement and balance sheet ) Prepare an income statement and a balance sheet from the scrambled list of items in
(Working with an income statement and balance sheet) Prepare an income statement and a balance sheet from the scrambled list of items in the popup window. What is the firm's net working capital and debt ratio?
Complete an income statement below. (Round to the nearest dollar.
NOTE: You may input expense accounts as negative values.)
Create a balance sheet below.(Round to the nearest dollar.)
The net working capital is $ ______. (Round to the nearest dollar.)
The debt ratio is ___%. (Round to one decimal place.)
Choose from any list or enter any number in the input fields and then continue to the next question.
Sales 550,975
Accumulated depreciation 190,766
Cash ?
Cost of goods sold 320,591
Accounts receivable 72,973
Depreciation expenses 37,418
Accounts payable 64,780
Interest expense 25,407
Short-term notes payable 29,727
Income taxes 60,176
Inventories 47,707
Marketing, general, and administrative expenses 45,900
Gross fixed assets 647,915
Long-Term debt 360,237
Common stock 120,857
Other assets 15,064
Retained earnings 138,380
In addition, the firm has 10,000 shares outstanding and paid $15,000 in common stock dividends during the year.
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