M & M Foods 2010 2011 Sales $5,831 $6,423 COGS 3,670 4,109 Interest 291 280 Depreciation 125 122 Cash 250 313 Accounts Receivable 1,092 1,162 Current Liabilities 717 1,051 Inventory 1,495 1,521 Long-term Debt. 2,400 1,100 Net Fixed Assets 4,006 4,123 Common Stock 1,900 2,100 Taxes 590 670 1. Construct the income statement and the balance sheet for M&M Foods.

M & M Foods 2010 2011 Sales $5,831 $6,423 COGS 3,670 4,109 Interest 291 280 Depreciation 125 122 Cash 250 313 Accounts Receivable 1,092 1,162 Current Liabilities 717 1,051 Inventory 1,495 1,521 Long-term Debt. 2,400 1,100 Net Fixed Assets 4,006 4,123 Common Stock 1,900 2,100 Taxes 590 670 1. Construct the income statement and the balance sheet for M&M Foods.

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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