Homework 0131 - Exercise 16-11 Fogel Company Income...

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Fogel Company Income Statements Year 1 Year 2 Sales 2,000,000 1,800,000 COGS (1,400,000) (1,200,000) Gross Margin 600,000 600,000 Operating Expenses Selling Expenses (300,000) (300,000) Administrative (100,000) (110,000) Net Operating Income 200,000 190,000 Interest Expense (50,000) (40,000) Income before Taxes 150,000 150,000 Exercise 16-12 Fogel Company Income Statements Year 1 Year 2 Sales 2,000,000 1,800,000 COGS (1,400,000) (1,200,000) Gross Margin 600,000 600,000 Operating Expenses Selling Expenses (300,000) (300,000) Administrative (100,000) (110,000) Net Operating Income 200,000 190,000 Interest Expense (50,000) (40,000) Income before Taxes 150,000 150,000 Exercise 16-15 Matalin Company Current Assets Cash 50,000 Accounts Receivable 100,000 Inventories 138,000 Total Current Assets 288,000 Current Liabilities 80,000 1 Current Ratio 2 Quick Ratio Exercise 16-17 Calista Company had net sales of $400,000, and had the following balances January 1 December 1 Accounts Receivable
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This note was uploaded on 04/09/2008 for the course ACCOUNTING 202 taught by Professor Black during the Spring '08 term at Ole Miss.

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Homework 0131 - Exercise 16-11 Fogel Company Income...

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