Balance Sheet. Construct a balance sheet for Fincorp for 2021 and 2022. What is shareholders equity? The
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Balance Sheet. Construct a balance sheet for Fincorp for 2021 and 2022. What is shareholders’ equity?
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All values are in thousands of dollars.
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Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2021 $4,000 1,600 500 300 500 150 400 300 400 5,000 2,000 1,000 410 800 2022 $4,100 1,700 520 350 550 150 420 350 450 5,800 2,400 600 410 300
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Assets Cash marketable securities Inventories Accounts receivable Net fixed ...View the full answer
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781264101566
11th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus
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