At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and lang-term...
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Accounting
At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and lang-term debt of $2000. Corresponaing entries for 2003 are $1600,$2000, and $1000. Asset values are below. During 2003, Yung.com had sales of $10000, cost of goods sold of $400. depreciation of $100, and interest paid of $150. The (average) tax rate is 21% and ai enua. T currentiy. The compary has 100 shares In 2003, the Market-value-to-Book-value ratio is
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