Question 2 The December 31, 2009, balance sheet of Anna's Tennis Shop, Inc., showed current assets of $2,263 and current liabilities of $1,290. The December 31, 2010, balance sheet showed current assets of $1,612 and current liabilities of $1,414. What was the company's 2010 change in net working capital, or NWC? Question 3 M Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales - $97,009; costs - $52,981: addition to retained earnings $1,062: dividends paid $1,821: interest expense - $1,439; tax rate - 39 percent. (Hint: Build the Income Statement and fill in the missing pieces until you get to the depreciation expense. You may have to work from bottom up.)

Question 2 The December 31, 2009, balance sheet of Anna's Tennis Shop, Inc., showed current assets of $2,263 and current liabilities of $1,290. The December 31, 2010, balance sheet showed current assets of $1,612 and current liabilities of $1,414. What was the company's 2010 change in net working capital, or NWC? Question 3 M Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales - $97,009; costs - $52,981: addition to retained earnings $1,062: dividends paid $1,821: interest expense - $1,439; tax rate - 39 percent. (Hint: Build the Income Statement and fill in the missing pieces until you get to the depreciation expense. You may have to work from bottom up.)

Name: Question 2The December 31, 2009, balance sheet of Anna's Tennis Shop,
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Description: Question 2The December 31, 2009, balance sheet of Anna's Tennis Shop, Inc., showed current assets of$2,263 and current liabilities of $1,290. The December 31, 2010, balance sheet showed currentassets of $1,612 and current liabilities of $1,414. What

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 1.2BE

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