what is the cost of borrowing for year 2006 and 2005? Sales Cost of Goods Sold Gross
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what is the cost of borrowing for year 2006 and 2005?
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Sales Cost of Goods Sold Gross Profit Financial Statements Income Statement For the Year Ended December 31 Depreciation Other Operating Expenses Earnings Before Interest and Tax Interest Expense Earnings Before Tax Income Tax Expense Net Income Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Property, Plant and Equipment Less: Accumulated Depreciation Property, Plant and Equipment, net Total Assets Accounts Payable Line of Credit Current Portion of Long-term Debt Total Current Liabilities Long-term Debt Equity Total Liabilities and Equity Balance Sheet As of December 31 2006 2005 2004 6,500,000 5,550,000 4,050,000 3,965,000 3,385,500 2,430,000 2,535,000 2,164,500 485,600 287,200 1,690,000 1,387,500 1,012,500 449,000 50,645 398,355 159,342 239,013 359,400 489,800 331,956 160,125 27,444 329,675 10,978 131,870 16,467 197,805 2006 57,000 2005 2004 110,000 155,000 95.000 59,000 45.000 1,050,000 723,000 540,000 42,000 36,000 25,000 1,244,000 928,000 765,000 7,288,800 4,819,200 3.245.000 2.432.800 1.947.200 1,660,000 4,856,000 2,872,000 1.585,000 6.100,000 3,800,000 2.350,000 1,620,000 158,500 440,556 165,000 570,638 353.000 325.346 162,000 1.336,540 680,000 99,000 267.435 41,461 407,895 3,253,460 1,620,000 414,605 1.510,000 1,500,000 1.527.500 6,100,000 3,800,000 2,350,00 Sales Cost of Goods Sold Gross Profit Financial Statements Income Statement For the Year Ended December 31 Depreciation Other Operating Expenses Earnings Before Interest and Tax Interest Expense Earnings Before Tax Income Tax Expense Net Income Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Property, Plant and Equipment Less: Accumulated Depreciation Property, Plant and Equipment, net Total Assets Accounts Payable Line of Credit Current Portion of Long-term Debt Total Current Liabilities Long-term Debt Equity Total Liabilities and Equity Balance Sheet As of December 31 2006 2005 2004 6,500,000 5,550,000 4,050,000 3,965,000 3,385,500 2,430,000 2,535,000 2,164,500 485,600 287,200 1,690,000 1,387,500 1,012,500 449,000 50,645 398,355 159,342 239,013 359,400 489,800 331,956 160,125 27,444 329,675 10,978 131,870 16,467 197,805 2006 57,000 2005 2004 110,000 155,000 95.000 59,000 45.000 1,050,000 723,000 540,000 42,000 36,000 25,000 1,244,000 928,000 765,000 7,288,800 4,819,200 3.245.000 2.432.800 1.947.200 1,660,000 4,856,000 2,872,000 1.585,000 6.100,000 3,800,000 2.350,000 1,620,000 158,500 440,556 165,000 570,638 353.000 325.346 162,000 1.336,540 680,000 99,000 267.435 41,461 407,895 3,253,460 1,620,000 414,605 1.510,000 1,500,000 1.527.500 6,100,000 3,800,000 2,350,00
Expert Answer:
Related Book For
Accounting Principles Part 3
ISBN: 978-1118306802
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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