These are the condensed financial statements of Pedersen Company for 2019 and 2018. Required: Calculate the appropriate
Question:
These are the condensed financial statements of Pedersen Company for 2019 and 2018.
Required:
Calculate the appropriate ratios for the financial and internal perspectives of the balanced scorecard.
Transcribed Image Text:
PEDERSEN COMPANY Income Statement For the Years Ended December 31, 2019, and 2018 2018 $130,000 Sales Cost of goods sold Gross margin Operating expenses Net income before taxes Income taxes Net income 2019 $140,000 81,150 $ 58,850 42,000 $ 16,850 5,055 $11,795 PEDERSEN COMPANY Statement of Financial Position December 31, 2019, and 2018 Cash Accounts receivable Inventory Property, plant, and equipment, net Total assets Current liabilities Long-term liabilities Owners' equity Total liabilities and owners' equity 2019 $ 10,900 19,600 28,200 74.350 $ 55,650 41,600 $ 14,050 4,215 $ 9,835 2018 $10,400 18,800 24,800 85,700 84,600 $144.400 $138,600 $ 25,000 $ 23,800 22,000 97,400 $144.400 22,000 92,800 $138,600
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Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
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