- 4 Ints C 02 06 37 Required Information The Following Information Applies To The Questions Displayed Below The Compa 1 (173.06 KiB) Viewed 9 times
4 Ints c 02:06:37 ! 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 income 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, 5,700 shares outstanding) Retained earnings Total liabilities and stockholders' equity Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Year 2 $191,700 113,000 78,700 57,600 21,100 6,330 $ 14,770 CHINOOK COMPANY Income Statement $ 5,100 15,900 40,100 46,100 $ 107,200 $ 15,000 43,600 28,500 20, 100 $ 107,200 Year 1 Required: 1. Complete the following columns for each item in the preceding comparative financial statements: $ 167,400 101,000 66,400 54,600 11,800 3,540 $8,260 $ 6,100 17,000 32,100 36,700 $91,900 $ 16,000 43,600 28,500 3,800 $ 91,900 Complete the following columns for each item in the preceding comparative financial statements: Note; Enter your percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Decreases should be indicated by a minus sign.