Question: Construct income statement for 2016 and 2017 Construct balance sheet for 2016 and 2017 What was the gross margin percentage and dividend in 2017? Construct

 Construct income statement for 2016 and 2017 Construct balance sheet for2016 and 2017 What was the gross margin percentage and dividend in

  1. Construct income statement for 2016 and 2017
  2. Construct balance sheet for 2016 and 2017
  3. What was the gross margin percentage and dividend in 2017?
  4. Construct a statement of cash flows for 2017

ntage and Dividend in Use the following financial information for Problem #10, Cedar Point. Please it easier to complete the problem. 2017 2016 Accounts Payable $ 2,260 $ 2,490 Accounts Receivable 1,615 1,634 Additional Paid-in Capital 5,435 5,435 Cash 2,960 2,345 Common Stock 50 50 Cost of Goods Sold 8,700 8,600 Current Portion of Long-term Debt 1,350 0 Depreciation Expense 1,060 1,100 Dividend ? 140 Goodwill 3,770 3,770 Interest Expense 1,050 1,110 Inventory 1,130 1,140 Long-Term Debt 3,050 4,480 Net Property, Plant & Equipment 7,700 7,800 Retained Earnings ? ? Revenue 14,410 14,050 Felling General & Admin Expense 1,715 1,660 ax Rate = 30% A B C O E F G 4 5 Problem #14 - Cedar Point + 6 7 8 9 2017 $2,260 1,615 5,435 2,960 50 2016 $2,490 1,634 5,435 2,345 50 10 11 12 13 8,600 14 Accounts Payable Accounts Receivable Additional Paid-in Capital Cash Common Stock Cost of Goods Sold Current Portion of Long-term Debt Depreciation Expense Dividend Goodwill Interest Expense Inventory Long-Term Debt Net Property, Plant & Equipment Retained Earnings Revenue Selling General & Admin Expense Tax Rate = 302 8,700 1,350 1,060 ? 3,770 1,050 1,130 3,050 7,700 ? 14,410 1,715 1,100 140 3,770 1.110 1,140 4,480 7,800 ? 14,050 1,660 22 23 24 25 26 27 ntage and Dividend in Use the following financial information for Problem #10, Cedar Point. Please it easier to complete the problem. 2017 2016 Accounts Payable $ 2,260 $ 2,490 Accounts Receivable 1,615 1,634 Additional Paid-in Capital 5,435 5,435 Cash 2,960 2,345 Common Stock 50 50 Cost of Goods Sold 8,700 8,600 Current Portion of Long-term Debt 1,350 0 Depreciation Expense 1,060 1,100 Dividend ? 140 Goodwill 3,770 3,770 Interest Expense 1,050 1,110 Inventory 1,130 1,140 Long-Term Debt 3,050 4,480 Net Property, Plant & Equipment 7,700 7,800 Retained Earnings ? ? Revenue 14,410 14,050 Felling General & Admin Expense 1,715 1,660 ax Rate = 30% A B C O E F G 4 5 Problem #14 - Cedar Point + 6 7 8 9 2017 $2,260 1,615 5,435 2,960 50 2016 $2,490 1,634 5,435 2,345 50 10 11 12 13 8,600 14 Accounts Payable Accounts Receivable Additional Paid-in Capital Cash Common Stock Cost of Goods Sold Current Portion of Long-term Debt Depreciation Expense Dividend Goodwill Interest Expense Inventory Long-Term Debt Net Property, Plant & Equipment Retained Earnings Revenue Selling General & Admin Expense Tax Rate = 302 8,700 1,350 1,060 ? 3,770 1,050 1,130 3,050 7,700 ? 14,410 1,715 1,100 140 3,770 1.110 1,140 4,480 7,800 ? 14,050 1,660 22 23 24 25 26 27

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