6. The following statement of financial position and statement of comprehensive income should be used. Woodburn,...
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6. The following statement of financial position and statement of comprehensive income should be used. Woodburn, Inc. 2015 Statement of comprehensive income (S in thousands) Net Sales $6,380 Less: Cost of Goods Sold 4,120 360 1,900 45 S1,855 650 $1.205 Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable Income Less: Taxes Net Income Woodburn, Inc. Statement of financial position Years ended 2014 and 2015 (S in thousands) 2014 2015 2014 2015 S 230 S 340 Accounts payable 950 Long-term debt 1460 Common stock S2,630 $2,750 Retained carnings 3,220 S 850 S1,020 1,400 2,200 1.350 Cash Accounts ree 910 1,650 2,500 Inventory Total Net fixed assets Total assets 1.490 820 3.190 S5.820 $5.970 Total liabilities & equity $5.820 $5.970 How many dollars of sales are being generated by every $1 that Woodburn has in total assets ($ in thousands)? (Use 2015 assets) 6. The following statement of financial position and statement of comprehensive income should be used. Woodburn, Inc. 2015 Statement of comprehensive income (S in thousands) Net Sales $6,380 Less: Cost of Goods Sold 4,120 360 1,900 45 S1,855 650 $1.205 Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable Income Less: Taxes Net Income Woodburn, Inc. Statement of financial position Years ended 2014 and 2015 (S in thousands) 2014 2015 2014 2015 S 230 S 340 Accounts payable 950 Long-term debt 1460 Common stock S2,630 $2,750 Retained carnings 3,220 S 850 S1,020 1,400 2,200 1.350 Cash Accounts ree 910 1,650 2,500 Inventory Total Net fixed assets Total assets 1.490 820 3.190 S5.820 $5.970 Total liabilities & equity $5.820 $5.970 How many dollars of sales are being generated by every $1 that Woodburn has in total assets ($ in thousands)? (Use 2015 assets)
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