Question: Please answer question based on the following information from William Widget Inc. Income Statement 2019 and 2020 Income Statement 2019 325,000 211,250 39,000 32,500

Please answer question based on the following information from William Widget Inc. Income Statement 2019 and 2020 Income Statement 2019 325,000 211,250 39,000 32,500

Please answer question based on the following information from William Widget Inc. Income Statement 2019 and 2020 Income Statement 2019 325,000 211,250 39,000 32,500 42,250 4,275 37,975 13,291 24,684 50% Sales COGS SGA Depreciation EBIT Interest EBT Taxes (35%) Net Income Dividend payout Cash Accounts Receivable Inventory Current assets Net Fixed assets Cash Total assets 26,000 22,750 38,025 86,775 Balance Sheet as of December 31, 2019 Accounts payable Notes payable Current Liabilities 205,000 291,775 2020 373,750 248,544 46,719 37,375 41,113 5,089 36,024 12,608 23,415 40% 126 163 Balance Sheet as of December 31, 2020 Accounts payable 46,475 16,250 62,725 Long-term debt Owner's equity Total liability & equity 291,775 55,000 174,050 54 680

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