Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2021 2020...

 

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Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2021 2020 $9,535 $10,109 1,295 1,296 2,866 3,230 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends Sales Cost of goods sold Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE Assets 809 695 Prepare an income statement for this company for 2020 and 2021. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) (Click to select) (Click to select) (Click to select) 4,279 5,609 964 Current assets (Click to select) 15,330 36,155 4,656 9,840 1,126 Ingersoll, Inc., Income Statement 2020 9535 2866 704 773 1295 5,373 6,297 916 17,750 37,317 4,355 10,108 1,221 $ Prepare the balance sheet for this company for 2014 and 2015. (Do not round Intermediate calculations. Be sure to list the accounts in order of their liquidity.) 2021 Ingersoll, Inc. Balance Sheet as of Dec. 31 2020 10109 3230 1296 2021 Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2021 2020 $9,535 $10,109 1,295 1,296 2,866 3,230 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends Sales Cost of goods sold Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE Assets 809 695 Prepare an income statement for this company for 2020 and 2021. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) (Click to select) (Click to select) (Click to select) 4,279 5,609 964 Current assets (Click to select) 15,330 36,155 4,656 9,840 1,126 Ingersoll, Inc., Income Statement 2020 9535 2866 704 773 1295 5,373 6,297 916 17,750 37,317 4,355 10,108 1,221 $ Prepare the balance sheet for this company for 2014 and 2015. (Do not round Intermediate calculations. Be sure to list the accounts in order of their liquidity.) 2021 Ingersoll, Inc. Balance Sheet as of Dec. 31 2020 10109 3230 1296 2021

Answer rating: 100% (QA)

aPrepare the income statement for the company for 2020 and 2021 as follows Ingersoll Inc Income S... View the full answer