Sturdy construction co had the following financial data extracts for the recently completed operating year: Net sales
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Question:
- Sturdy construction co had the following financial data extracts for the recently completed operating year:
- Net sales $145,000,000
- Gross profit 70,000
- Operating income 48,000,000
- Interest expense 6,000,000
- Net income 25,200,000
- Decrease in inventory (12,000,000)
- Increase in (bank) interest payable 2,000,000
- Increase in accounts payable 15,000,000
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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