Question: Please answer as quickly as possible. I only have a two hour window. Use the following financial statements to answer Questions 1 16 Kramerica Industries
Please answer as quickly as possible. I only have a two hour window.


Use the following financial statements to answer Questions 1 16 Kramerica Industries (KI) 2016 Income Statement Sales Cost of goods sold Selling & administrative expenses Depreciation $678,240 328,830 149,680 65,491 Earnings before intst and taxes Interest expense 23,155 Earnings before taxes Taxes 38,879 Net income Dividends Additions to retained earnings Kramerica Industries (KI) 2015 and 2016 Balance Sheets 2015 2016 2015 2016 $28,875 164,200 Cash Accounts receivable Inventor Net fixed assets 37,692 187,400 $17,167Accounts payable 19,318 Long-term debt 27,305 Common stock 494.573|Retained earnings $15,979 16,553 22,798 413,311 45,000 230,566 45,000 288,271 Total assets Total liabilities and equi
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
