In: Finance
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent.
2018 | 2019 | |
Sales | $17,573 | $16,536 |
Depreciation | 1,781 | 1,856 |
Cost of Good Sold | 4,579 | 4,827 |
Other Expenses | 1,006 | 884 |
Interest | 855 | 986 |
Cash | 6,247 | 6,826 |
Account Receivable | 8,160 | 9,787 |
Short-term notes payable | 1,290 | 1,267 |
Long-term debt | 20,680 | 24,936 |
Net Fixed assets | 51,152 | 54,633 |
Accounts payable | 4,576 | 5,004 |
Inventory | 14,487 | 15,408 |
Dividends | 1,550 | 1,738 |
Prepare a balance sheet for this company for 2018 and 2019. (Do not round intermediate calculations.)
2018 | 2019 | |
Assets | ||
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Current Assets | ||
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Total Assets | [Enter Answer] | 86,654 |
Liabilities & Equity | ||
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Current Liabilities | [Enter Answer] | 6,271 |
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Total Liabilities & Owners Equity | [Enter Answer] | [Enter Answer] |
Prepare an income statement for this company for 2018 and 2019. (Enter all answers as positive values. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. )
2018 | 2019 | |
Sales | [Enter Answer] | [Enter Answer] |
COGS | [Enter Answer] | [Enter Answer] |
Other Expenses | [Enter Answer] | [Enter Answer] |
Depreciation | [Enter Answer] | [Enter Answer] |
EBIT | [Enter Answer] | [Enter Answer] |
Interest | [Enter Answer] | [Enter Answer] |
EBIT | [Enter Answer] | [Enter Answer] |
Taxes | [Enter Answer] | [Enter Answer] |
Net Income | [Enter Answer] | [Enter Answer] |
Dividends | [Enter Answer] | [Enter Answer] |
Additions to RE | [Enter Answer] | [Enter Answer] |