Homework Answers
| Answer | ||
| Income statement | ||
| 2018 | 2019 | |
| Sales | $ 15,573 | $ 15,336 |
| COGS | $ 4,379 | $ 4,787 |
| other expenses | $ 986 | $ 864 |
| Depreciation | $ 1,741 | $ 1,816 |
| EBIT | $ 8,467 | $ 7,869 |
| Interest | $ 835 | $ 966 |
| EBT | $ 7,632 | $ 6,903 |
| Taxes | $ 1,832 | $ 1,657 |
| Net Income | $ 5,800 | $ 5,246 |
| Dividends | $ 1,350 | $ 1,698 |
| Additions to RE | $ 4,450 | $ 3,548 |
| Balance sheet | ||
| Assets | 2018 | 2019 |
| Cash | $ 6,187 | $ 6,709 |
| Accounts receivable | $ 8,120 | $ 9,667 |
| Inventory | $ 14,419 | $ 15,368 |
| Current assets | $ 28,726 | $ 31,744 |
| Net Fixed assets | $ 51,064 | $ 54,513 |
| Total assets | $ 79,790 | $ 86,257 |
| Accounts payable | $ 4,512 | $ 4,884 |
| Short term notes payable | $ 1,250 | $ 1,227 |
| Current liabilities | $ 5,762 | $ 6,111 |
| Long term debt | $ 20,560 | $ 24,836 |
| Owners equity | $ 53,468 | $ 55,310 |
| Total liabilities and shareholders equity | $ 79,790 | $ 86,257 |
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Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. Sales Depreciation...
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Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. Sales Depreciation...
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