Peregrine $ (700,000) Sprano (400,000) Revenues Cost of goods sold Depreciation expense Equity Income in Sprano Retained earnings, 1/1/21 250,000 100,000 150,000 200,000 ??? (600,000) (200,000) Dividends declared 80,000 60,000 Current assets 400,000 500,000 Сорyrights Royalty agreements Investment in Sprano 900,000 400,000 600,000 1,000,000 ??? (1,380,000) (200,000) (80,000) Liabilities (950,000) (600,000) (150,000) Common Stock ($20 par) Additional paid-in capital %24

Peregrine $ (700,000) Sprano (400,000) Revenues Cost of goods sold Depreciation expense Equity Income in Sprano Retained earnings, 1/1/21 250,000 100,000 150,000 200,000 ??? (600,000) (200,000) Dividends declared 80,000 60,000 Current assets 400,000 500,000 Сорyrights Royalty agreements Investment in Sprano 900,000 400,000 600,000 1,000,000 ??? (1,380,000) (200,000) (80,000) Liabilities (950,000) (600,000) (150,000) Common Stock ($20 par) Additional paid-in capital %24

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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