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Financial Statements Analysis Below are the two most recent balance sheets and most recent...

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Accounting

Financial Statements Analysis
Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 21%.
Balance Sheet
\table[[,2020,2019,],[Assets:,$10,000,$6,000,],[Cash,6,000,1,500,],[Accounts Receivable (net),8,000,10,000,],[Inventory,12,000,11,000,],[Long-lived assets,(4,000)?,(2,000)?,],[Less: Accumulated depreciation,$32,000?,$26,500?,],[, Total assets,,,],[Liabilities and Stockholders' Equity:,$5,000,$6,000,],[Accounts payable,1,000,2,000,],[Deferred revenues,10,000,10,000,],[Long-term note payable,,(800),(1,000)
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