Question: Draw up an income statement and balance sheet for this company for 2010 and 2011. 2010 2011 Sales $ 11,573 $ 12,936 Depreciation 1,661 1,736
Draw up an income statement and balance sheet for this company for 2010 and 2011.
| 2010 | 2011 | ||
| Sales | $ 11,573 | $ 12,936 | |
| Depreciation | 1,661 | 1,736 | |
| Cost of goods sold | 3,979 | 4,707 | |
| Other expenses | 946 | 824 | |
| Interest | 776 | 926 | |
| Cash | 6,067 | 6,466 | |
| Accounts receivable | 8,034 | 9,427 | |
| Short-term notes payable | 1,171 | 1,147 | |
| Long-term debt | 20,320 | 24,636 | |
| Net fixed assets | 50,888 | 54,273 | |
| Accounts payable | 4,384 | 4,644 | |
| Inventory | 14,283 | 15,288 | |
| Dividends | 1,411 | 1,618 | |
| Tax rate | 34% | 34% | |
Step by Step Solution
★★★★★
3.36 Rating (159 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Balance sheet as of Dec 31 2010 Cash 6067 Accounts payable 4384 Accounts receivable 8034 Notes payab... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (1 attachment)
283-B-C-F-F-S (413).xlsx
300 KBs Excel File
Study Help