# 3 Category Prior year Current year Accounts payable 41,400 45,000 Accounts receiv 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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#3 O
Category
Prior year
Current
year
Accounts payable
41,400
45,000
Accounts receivable
115,200
122,400
Accruals
16,200
13,500
Additional paid in capital
200,000
216,660
Cash
???
???
Common Stock @ par value
37,600
42,000
COGS
131,400
177,782.00
Depreciation expense
21,600
23,165.00
Interest expense
16,200
16,680.00
Inventories
111,600
115,200
Long-term debt
135,000
137,928.00
Net fixed assets
375,946.00
399,600
Notes payable
59,400
64,800
Operating expenses (excl.
depr.)
50,400
66,662.00
Retained earnings
122,400
136,800
Sales
255,600
335,953.00
Таxes
9,900
19,325.00
What is the entry for the current year's cost of goods
sold on a common-sized income statement?
Submit
Answer format: Percentage Round to: 2 decimal places
(Example: 9.24%, % sign required. Will accept decimal
format rounded to 4 decimal places (ex: 0.0924))
Transcribed Image Text:#3 O Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 177,782.00 Depreciation expense 21,600 23,165.00 Interest expense 16,200 16,680.00 Inventories 111,600 115,200 Long-term debt 135,000 137,928.00 Net fixed assets 375,946.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 66,662.00 Retained earnings 122,400 136,800 Sales 255,600 335,953.00 Таxes 9,900 19,325.00 What is the entry for the current year's cost of goods sold on a common-sized income statement? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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