Draw up an income statement and balance sheet for this company for 2011 and 2012....
90.2K
Verified Solution
Link Copied!
Question
Accounting
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
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.