Bulleted Format:Total assets: $120,000,000Total liabilities: $80,000,000Total equity: $40,000,000Net income for the year: $6,000,000Cash and cash...
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Accounting
Bulleted Format:
- Total assets: $120,000,000
- Total liabilities: $80,000,000
- Total equity: $40,000,000
- Net income for the year: $6,000,000
- Cash and cash equivalents: $15,000,000
- Accounts receivable: $20,000,000
- Inventory: $25,000,000
- Property, plant, and equipment: $60,000,000
- Long-term debt: $40,000,000
- Accounts payable: $20,000,000
- Accrued expenses: $5,000,000
- Revenue for the year: $200,000,000
- Cost of goods sold: $80,000,000
- Operating expenses: $50,000,000
- Income tax expense: $7,000,000
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