Question: A client has given you the following financial information for their company for 2018 and 2019. Assume the tax rate is 20% The Econ Corporation

 A client has given you the following financial information for their

A client has given you the following financial information for their company for 2018 and 2019. Assume the tax rate is 20% The Econ Corporation Category 2018 2019 Accounts Receivable 100 110 Inventory 20 30 Gross Fixed Assets 200 200 Accumulated Depreciation 60 80 Accounts Payable 75 100 Commercial Paper 25 20 Corporate Bonds 50 25 Common Stock 50 50 Retained Earnings 60 65 Sales 70 Cost of Goods Sold 40 Interest Expense 8 8

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