a 29.33 b 07.33 c 07.00 d 11.73 Below are the two most recent...
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a 29.33 b 07.33 c 07.00 d 11.73
Below are the two most recent balance sheets and most recent income statement for Peak Industries. The company has an effective tax rate of 25%. Balance Sheet 2019 2018 S10.000 6,000 8,000 12.000 4,000) S32.000 S 6,000 1.500 10.000 11.000 22.000) $26.500 Assets: Cash Accounts Receivable (net) Inventory Long-lived assets Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity: Accounts payable Deferred revenues Long-term note payable Less: Discount on note payable Common stock Retained emings Total liabilities and stockholders' equity S 5.000 1.000 10.000 (800 12.000 4.800 $32.000 S 6.000 2.000 10.000 (1.000 6.000 3.800 S26.500 Income Statement For the year ended December 31.2019 Revenues Cost of goods sold Depreciation experts Interest expense Bad debt expense Other expense including income taxes) Net income 544.000 4.000 2.0000 (3.000) (2.000) 9.00 SKOD Refer to the information for Peak Industries Peak's accounts receivable turnover is assume that Peak makes all sales on account
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