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You are given the following information for Ingersoll, Inc., (assume the tax rate is 34 percent for both years): 2009 2010 Sales $4,581 $4,916 Depreciation
You are given the following information for Ingersoll, Inc., (assume the tax rate is 34 percent for both years): | ||||||
2009 | 2010 | |||||
Sales | $4,581 | $4,916 | ||||
Depreciation | 658 | 659 | ||||
Costs of goods sold | 1,575 | 1,789 | ||||
Other expenses | 374 | 312 | ||||
Interest | 307 | 352 | ||||
Cash | 2,402 | 2,457 | ||||
Accounts receivable | 3,179 | 3,582 | ||||
Short-term notes payable | 464 | 435 | ||||
Long-term debt | 8,044 | 9,384 | ||||
Net fixed assets | 20,143 | 20,624 | ||||
Accounts payable | 2,523 | 2,446 | ||||
Inventory | 5,653 | 5,809 | ||||
Dividends | 559 | 614 | ||||
Prepare income statement and balance sheet for this company for 2009 and 2010. |
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