90.2K
Verified Solution
Link Copied!
Draw up an income statement and balance sheet for this company for 2011 and 2012.
2011 | 2012 |
Sales | $ 7,835 | $ 8,409 |
Depreciation | 1,125 | 1,126 |
Cost of goods sold | 2,696 | 3,060 |
Other expenses | 639 | 534 |
Interest | 525 | 603 |
Cash | 4,109 | 5,203 |
Accounts receivable | 5,439 | 6,127 |
Short-term notes payable | 794 | 746 |
Long-term debt | 13,460 | 16,050 |
Net fixed assets | 34,455 | 35,277 |
Accounts payable | 4,316 | 4,185 |
Inventory | 9,670 | 9,938 |
Dividends | 956 | 1,051 |
For 2012, calculate the cash flow from assets, cash flow to creditors, and cash flow to
Answer & Explanation
Solved by verified expert