6 - Graded LP6.2 Assignment: X Course Hero X Grades - accBF005 - Corporat X r Class Corporate Accounting i x i Problems X X C A prod.reader-ui.prod.mheducation.com/epub/sn_beeda/data-uuid-99df760024d54f7d82ecbdd1a4e56ded G kk Paused Aa Problem 17-2A Calculating ratios and percentages L LO2,5 3,5 4 excel The condensed statements of Independent Auto Inc. follow: Independent Auto Inc. Independent Auto Inc. Income Statement ($000) Balance Sheet ($000) For Years Ended December 31 December 31 2020 2019 2018 2020 2019 2018 Net sales.......... $208,600 $191,800 $166,600 Assets Cost of goods sold.. 125,084 119,350 106,078 Current assets...... $34,636 $27,247 $36,154 Gross profit from sales......... $ 83,516 $ 72,450 $ 60,522 Non-strategic investments........ 0 490 2,954 Selling expenses. $ 29,467 $ 26,485 $ 22,016 Plant and equipment, net.... 64,400 68,600 41,300 Administrative expenses........... 18,871 26,895 13,769 Total assets... $99,036 $96,337 $80,408 Total operating expenses........... $ 48,338 $ 53,380 $ 35,785 Liabilities and Equity Profit before taxes... $ 35,178 $ 19,070 $ 24,737 Current liabilities...... $14,490 $14,322 $13,986 Income taxes.......... 6.633 6.017 5.083 Common shares.. 58,100 58,100 43,400 Profit... $ 28,545 $ 13,053 $ 19,654 Retained earnings.... 26,446 23,915 23,022 Total liabilities and equity........ $99,036 $96,337 $80,408 7:47 PM Type here to search O 5*C Partly cloudy 10/24/2021