Data for the next 3 questions: Selected numbers from financial statements of Hope Merchandising Company...
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Accounting
Data for the next 3 questions: Selected numbers from financial statements of Hope Merchandising Company are given below Balance Sheet 2016 $23,760 126,720 245,376153,648 79,834 22,810 95,357 2017 S20,736 316,224 Assets Cash Accounts receivable Inventory Accounts payable Income taxes pavable Retained earnings 255,398 51,840 162,778 Income Statements 2016 $2,909,952 $1,980,000 1,601,856 1,283,040 22.810 34,214 2017 Sales Cost of goods so Income Tax Expense Net income ld 51,840 77,760 10. How much d id company collect cash from customers during 2017? 11. Assume the balance of Accounts payable pertains to vendors. How much did company pay cash to vendors supplying merchandise during 2017? 12. How much di d company pay dividends to its shareholders during 2017
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