Question: Selected comparative statement data for Molini Products Company are presented below. All balance sheet data are as of December 31. 2014 2013 Net sales $703,510
Selected comparative statement data for Molini Products Company are presented below. All balance sheet data are as of December 31.
2014 | 2013 | |||
| Net sales | $703,510 | $681,210 | ||
| Cost of goods sold | 482,190 | 402,140 | ||
| Interest expense | 7,980 | 5,560 | ||
| Net income | 43,570 | 35,340 | ||
| Accounts receivable | 124,960 | 105,280 | ||
| Inventory | 80,230 | 77,140 | ||
| Total assets | 584,000 | 537,860 | ||
| Total common stockholders |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
