Construct an income statement for Fincorp for 2018 and 2019. What were reinvested earnings for 2019? 2018
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Construct an income statement for Fincorp for 2018 and 2019. What were reinvested earnings for 2019?
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2018 2019 $4,000 $4,100 Revenue Cost of goods sold 1,600 1,700 500 Depreclatlon 520 Inventorles 300 350 Administrative expenses 500 550 Interest expense 150 150 Federal and state taxes" 400 420 Accounts payable 300 350 Accounts recelvable 400 450 Net fixed assets Long-term debt 5,000 5,800 2,000 2,400 Notes payable 1,000 600 Dividends pald 410 410 Cash and marketable securitles 800 300
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2018 2019 Revenue 4000 4100 Cost of goods sold 1600 1700 Administrative expenses 500 ...View the full answer
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260566093
10th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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