Question: Selected comparative statement data for Swifty Company are presented belov 2020 2019 Net sales $1,184,000 $1,141,000 Cost of goods sold 686,000 645,000 Interest expense

Net sales $1,184,000 $1,141,000 Cost of goods sold 686,000 645,000 Interest expense

Selected comparative statement data for Swifty Company are presented belov 2020 2019 Net sales $1,184,000 $1,141,000 Cost of goods sold 686,000 645,000 Interest expense 15,000 10,000 Net income 153,920 138,000 Accounts receivable 142,000 117,000 Inventory 102,000 97,000 Total assets 770,000 710,000 Preferred stock (6%) 197,000 197,000 Total stockholders' equity 625,000 518,000

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