Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca
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Orca Industries
Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of
Balance Sheet
Year Year
Assets:
Cash $ $
Accounts Receivable net
Inventory
Longlived assets
Less: Accumulated depreciation
Total assets $ $
Liabilities and Stockholders' Equity:
Accounts payable $ $
Deferred revenues
Longterm note payable
Less: Discount on note payable
Common stock
Retained earnings
Total liabilities and stockholders' equity $ $
Income Statement
For the year ended December Year
Revenues $
Cost of goods sold
Depreciation expense
Interest expense
Bad debt expense
Other expense including income taxes
Net income $
Refer to the information for Orca Industries. The return on assets for Orca Industries is ?
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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