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Unit 1: Homework Assignment
Sales $11,573 $12,936
Depreciation 1661 1736
Cost of goods sold 3979 4707
Other Expenses 946 824
Interest Expense 776 926
Cash 6067 6466
Accounts Receivables 8034 9427
Short-term Notes Payable 1171 1147
Long-term debt 20,320 24,696
Net fixed assets 50,888 54,273
Accounts Payable 4,384 4,644
Tax rate 34% 34%
Inventory 14,283 15,288
Payout ratio 33% 33%
3. Create the Income Statement and Balance Sheet for 2020.
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