Jet Company's summarized financial statement information for the beginning of the year is as follows:...
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Accounting
Jet Company's summarized financial statement information for the beginning of the year is as follows:
Marketable Securities $50,000
All Other Assets $150,000
Total Liabilities $80,000
Total Stockholders' Equity $120,000
During the year, Jet had Revenue of $90,000, Expenses of $48,000 and paid cash dividends of $6,000. Marketable Securities increased in value by 9% , liabilities remained unchanged for the year and Jet had 15,000 shares outstanding all year. Calculate the information that Jet would report on its financial statements at the end of the year.
Net Income=
Total Assets=
Total Liabilities=
Total Equity=
EPS=
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