Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. use the following information for ingersoll, inc.,

Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent): 2018...

90.2K

Verified Solution

Question

Finance

imageimageimage

Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent): 2018 2019 Sales $ 8,735 $ 9,309 Depreciation 1,215 1,216 Cost of goods sold 2,786 3,150 Other expenses 729 624 Interest 615 693 Cash 4,199 5,293 Accounts receivable 5,529 6,217 Short-term notes payable 884 836 Long-term debt 14,450 16,950 Net fixed assets 35,355 36,357 Accounts payable 4,496 4,275 Inventory 9,760 10,028 Dividends 1,046 1,141 Ingersoll, Inc., Income Statement 2018 $ 2019 (Click to select) $ $ $ $ (Click to select) (Click to select) Prepare the balance sheet for this company for 2018 and 2019. (Do not round intermedia sure to list the accounts in order of their liquidity.) Ingersoll, Inc. Balance Sheet as of Dec. 31 2018 2019 $ $ Assets (Click to select) (Click to select) (Click to select) $ $ Current assets (Click to select) Total assets $ $ Liabilities (Click to select) (Click to select) $ $ $ $ Current liabilities (Click to select) (Click to select) Total liabilities & owners' equity $ $

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students