Question: begin{tabular}{|l|r|r|} hline & 2015 & 2016 hline Assets & & hline Cash & $45.00 & $50.00 hline A/R & $229.00 & $353.00

\begin{tabular}{|l|r|r|} \hline & 2015 & 2016 \\ \hline Assets & & \\ \hline Cash & $45.00 & $50.00 \\ \hline A/R & $229.00 & $353.00 \\ \hline Inventory & $204.00 & $128.00 \\ \hline \multicolumn{1}{|r|}{ Total } & $478.00 & $531.00 \\ \hline Net Fixed Assets & $1,000.00 & $1,200.00 \\ \hline Total Assets & $1,478.00 & $1,731.00 \\ \hline & & \\ \hline Liabilities & & \\ \hline Accounts Payable & $269.00 & $152.00 \\ \hline Notes Payable & $150.00 & $125.00 \\ \hline \multicolumn{1}{|c|}{ Total } & $419.00 & $277.00 \\ \hline Long-Term Debt & $500.00 & $750.00 \\ \hline Common Stock & $400.00 & $400.00 \\ \hline Retained Eamings & $159.00 & $304.00 \\ \hline & $1,478.00 & $1,731.00 \\ \hline & & \\ \hline Sales & & \\ \hline Sales & & $1,215.00 \\ \hline Cost of Goods Sold & & $972.00 \\ \hline Depreciation & & $200.00 \\ \hline EBIT & & $43.00 \\ \hline Interest & & $40.00 \\ \hline Taxes & & $17.20 \\ \hline Net Income & & $14.20 \\ \hline \end{tabular} Then inputting an answer, round your answer to the nearest 4 decimal places. If you need to use a calculated number r further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
