- Required Information The Following Information Applies To The Questions Displayed Below The Comparative Financial Stat 1 (28.73 KiB) Viewed 10 times
- Required Information The Following Information Applies To The Questions Displayed Below The Comparative Financial Stat 2 (25.39 KiB) Viewed 10 times
Required information [The following information applies to the questions displayed below] The comparative financial statements for Chinook
Company are below Income
statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax Incom Income tax Net Income Balance sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 9%) Common stock ($5 par value, 5,600 shares outstanding) Retained earnings Total liabilities and stockholders' equity Year 2 $190,200 113,200 77,000 56,300 20,700 Complete this unction contri 6,210 $ 14,490 $4,700 15,900 41,900 46,000 $ 108,500 $ 15,700 45,000 28,000 19,800 $ 188,500 Year 1 $ 167,000 100, 300 66,700 53,300 13,400. 4,020 $9,380 $ 6,900 17,100. 32,500 37,500 $ 94,000 $ 16,700 45,000 28,000 4,300 $ 94,000 Required: 1. Complete the following columns for each item in the preceding comparative financial statements:
4 12:46:42 Required: 1. Complete the following columns for each item in the preceding comparative financial statements: Complete this
question by entering your answers in the tabs below. Income Balance Sheet Complete the following columns for each iteen in the preceding comparative financial statements: Note Enter your percentage answers rounded to 2 decimal places (e. 0.1234 should be entered as 12.34). Decreases should he indicated by a minus sign CHINOOK COMPANYS Income
Statement Sales venue Cost of goods sold Gruss profit Operating expenses and interest expense Petax income income tax Net ecote increase (Decrease) from Year 1 to Year 2 Percent Amount % N % N % Balance Sheet >