e 2021 Income statement of Adrian Express reports sales of $16,932,000, cost of goods sold of $10, 630,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 ssets Current assets: $ 630,000 $ 790,000 1,460,000 1,860,000 4,830,000 $8,780,000 $7,520,000 Cash Accounts receivable Inventory Long-term assets 1,030,000 1,430,000 4, 270,000 Total assets iabilities and Stockholders' Equity urrent liabilities Long-term liabilities Common stock zetained earnings $1,990,000 $1,690,000 2,330,000 1,970,000 2,490,000 $8,780,000 $7,520,000 2,430,000 1,970,000 1,430,000 Total liabilities and stockholders' equity
e 2021 Income statement of Adrian Express reports sales of $16,932,000, cost of goods sold of $10, 630,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 ssets Current assets: $ 630,000 $ 790,000 1,460,000 1,860,000 4,830,000 $8,780,000 $7,520,000 Cash Accounts receivable Inventory Long-term assets 1,030,000 1,430,000 4, 270,000 Total assets iabilities and Stockholders' Equity urrent liabilities Long-term liabilities Common stock zetained earnings $1,990,000 $1,690,000 2,330,000 1,970,000 2,490,000 $8,780,000 $7,520,000 2,430,000 1,970,000 1,430,000 Total liabilities and stockholders' equity
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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