Selected data from the 2019 financial statements of KRJ Manufacturing are presented below. On the company's...
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Selected data from the 2019 financial statements of KRJ Manufacturing are presented below. On the company's common-sized balance sheet, what would be the amount (i.e., percentage) shown for long-term debt? Present your answer in percentage terms, rounded to one decimal place. e.g. 20.0%. Sales Cost of goods sold $16,832 $10,440 Salaries expense $3,260 Tax expense $1,223 Net income $1,461 Cash $116 Accounts receivable $536 Inventory $487 Net fixed assets $2,890 Total assets $8,653 Accounts payable $409 Accrued expenses $281 Long-term debt $1,148 Total liabilities $4,258 Cash flow from operations $3,178 Selected data from the 2019 financial statements of KRJ Manufacturing are presented below. On the company's common-sized balance sheet, what would be the amount (i.e., percentage) shown for long-term debt? Present your answer in percentage terms, rounded to one decimal place. e.g. 20.0%. Sales Cost of goods sold $16,832 $10,440 Salaries expense $3,260 Tax expense $1,223 Net income $1,461 Cash $116 Accounts receivable $536 Inventory $487 Net fixed assets $2,890 Total assets $8,653 Accounts payable $409 Accrued expenses $281 Long-term debt $1,148 Total liabilities $4,258 Cash flow from operations $3,178
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
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