Fizer, Inc., reported the following financial statements for the last two years. FIZER, INC. 2020 Income Statement Sales 565,280 $ 273,985 Cost of goods sold Selling & administrative Depreciation 124,725 54,568 $ 112,002 19,304 EBIT Interest $ 92,698 48,203 EBT Таxes Net income $ 44,495 $ 10,400 $ 34,095 Dividends Addition to retained earnings FIZER, INC. Balance Sheet as of December 31, 2019 $ 13,400 Accounts payable 18,986 13,802 Cash $ 23,996 Accounts receivable Inventory $ 46,188 Long-term debt 344,434 Owners' equity Current assets 136,000 Net fixed assets 230,626 Total liabilities and owners' Total assets $390,622 $390,622 equity
Fizer, Inc., reported the following financial statements for the last two years. FIZER, INC. 2020 Income Statement Sales 565,280 $ 273,985 Cost of goods sold Selling & administrative Depreciation 124,725 54,568 $ 112,002 19,304 EBIT Interest $ 92,698 48,203 EBT Таxes Net income $ 44,495 $ 10,400 $ 34,095 Dividends Addition to retained earnings FIZER, INC. Balance Sheet as of December 31, 2019 $ 13,400 Accounts payable 18,986 13,802 Cash $ 23,996 Accounts receivable Inventory $ 46,188 Long-term debt 344,434 Owners' equity Current assets 136,000 Net fixed assets 230,626 Total liabilities and owners' Total assets $390,622 $390,622 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 56P: The following selected information is taken from the financial statements of Arnn Company for its...
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