Compute the missing values for the chart below and analyze the financial performance position of this company.
Question:
Compute the missing values for the chart below and analyze the financial performance position of this company. The first year of operations is 1993. (Balance sheet and income statement 1 996 1995 1 994 1 993 relationships acrossfive years) Assets: Cash $500 $200 $300 $300 Accounts receivable 700 9 • 300 200 Inventory 400 400 9 • 500 Land 400 400 200 100 Property, plant, and equipment (net) 800 700 600 700 and 70 Part 1 An Overview of Financial Accounting 1996 1995 1994 1993 Liabilities and stockholders’ equity: Accounts payable 9 • 500 300 200 Bonds payable 700 800 600 500 Contributed capital 600 600 400 9 • Retained earnings 600 300 800 400 Sales 9 • 700 1,100 1,000 Expenses (600) 9 • 9 • (400) Net income 9 • (100) 400 9 • Dividends 200 9 • 9 • 9 •
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