Question: ABC Co. financial data for 2020 & 2019 are given below: 2020 2019 Total Assets $901,000 $873,000 Total Liabilities 631,000 543,000 Cash 441000 43,000

ABC Co. financial data for 2020 & 2019 are given below: 2020 2019 Total Assets $901,000 $873,000 Total Liabilities 631,000 543,000 Cash 441000 43,000

ABC Co. financial data for 2020 & 2019 are given below: 2020 2019 Total Assets $901,000 $873,000 Total Liabilities 631,000 543,000 Cash 441000 43,000 Interest-bearing Debt 555,000 395,000 Net Income 135,000 116,000 Interest Expense 12,300 9,200 Tax Expense 17,100 15,200 Depreciation Expense 49,500 36,500

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