The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, wh
Posted: Sun May 29, 2022 5:03 pm
statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 Revenue $4,200 $4,300 Cost of goods sold 1,700 1,800 Depreciation 460 480 Inventories 350 395 Administrative expenses 540 590 Interest expense 110 110 Federal and state taxes* 470 490 Accounts payable 310 340 Accounts receivable 380 420 com 5,600 6,210 Net fixed assets Long-term debt Notes payable 2,700 3,140 780 520 Dividends paid 320 320 Cash and marketable securities 730 360 * Taxes are paid in their entirety in the year that the tax obligation is incurred. * Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a balance sheet for Fincorp for 2018 and 2019. (Enter your answers in thousands of dollars.) Fincorp Inc. Balance Sheet Assets 2018 Liabilities and Shareholders' Equity Total assets $ 0 $ 2019 Total liabilities 0 Total liabilities and shareholders' equity $ $ 2018 0 $ 0 $ 2019 0 0
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income