Question: 2. * Current Accounts 2009: CA = 4,400; CL = 1,500 2008: CA = 3,500; CL = 1,200 * Fixed Assets and Depreciation 2009: NFA

2. * Current Accounts

2009: CA = 4,400; CL = 1,500

2008: CA = 3,500; CL = 1,200

* Fixed Assets and Depreciation

2009: NFA = 3,400; 2008: NFA = 3,100

Depreciation Expense = 400

* Long-term Debt and Equity (R.E. not given)

2009: LTD = 4,000; Common stock & APIC = 400

2008: LTD = 3,950; Common stock & APIC = 400

* Income Statement

EBIT = 2,000; Taxes = 300

Interest Expense = 350; Dividends = 500

1.What is the total asset for 2009?

2.What is the total liabilities for 2009?

3.What is the net income?

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