Question: can someone please figure out what the current assets, current liabilities, current investments, average total assets & total assets are based from specifically the 2021

 can someone please figure out what the current assets, current liabilities, can someone please figure out what the current assets, current liabilities, current investments, average total assets & total assets are based from specifically the 2021 section of data NOT 2020!

QUESTION FIVE - FINANCIAL ANALYSIS - (36 MARKS) ma CH cm is include it is cm? it does it does so it are to analytic Following are selected data from the comparative income statement and balance sheet for Dream Corporation for the years ended December 31, 2021, and 2020: Selected Data 2021 2020 Net sales (all on credit) $96,000 $93,000 Cost of goods sold 51,300 52,500 Gross margin 44,700 40,500 Income from operations 16,300 15,000 Interest expense 3,000 3,500 Net income 9,800 9,000 Cash 2,700 3,500 Accounts receivable, net 10,700 12,500 Inventory 25,000 30,000 Prepaid expenses 1,000 900 Total current assets 39,400 46,900 Total long-term assets 50,000 67,000 Total current liabilities 39,000 49,500 Total long-term liabilities 15,000 25,000 Common shares 10,000 Retained earnings 25,400 29,400 Sources tisada tinfluen tion of does Els scal all goal is rele is per Els site Els Fla I make Lis SP 10,000 Note: 10,000 common shares have been issued and outstanding since the company started operations. During all of the fiscal year ended December 31, 2021, the shares were selling for $45 per share. PEOLIRED

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!