Betsen Financial Ratios Assignment Key

Betsen Financial Ratios Assignment Key - Exhibit 2 - 1 Item...

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Item 2007 2006 Accounts Payable 12,000 10,700 Accounts Receivable 54,400 55,300 Accumulated Depreciation 30,200 27,900 10,500 9,700 Common Stock 40,500 40,500 Cost of Goods Sold 108,400 92,600 Depreciation Expense 2,300 2,250 Fixed Expenses 7,600 7,000 Interest Expense 3,400 2,900 Inventory 42,700 37,800 32,000 29,800 Other Current Liabilities 8,400 8,600 56,900 53,000 Retained Earnings 22,700 18,200 4,500 Sales 150,500 138,200 15,500 13,400 Short-Term Notes 18,700 20,100 Tax Rate 30% 30% Exhibit 2 - 1 Long‑Term Debt
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Betsen Boutique Income Statements For the Years 2006 and 2007 2007 2006 Sales $150,500 $138,200 Cost of Goods Sold 108,400 92,600 Gross Profit 42,100 45,600 Depreciation Expense 2,300 2,250 Fixed Expenses 7,600 7,000 15,500 13,400 Net Operating Income 16,700 22,950 Interest Expense 3,400 2,900 Earnings Before Taxes 13,300 20,050 Taxes 3,990 6,015 Net Income $9,310 $14,035 Notes: Tax Rate 30% 30% Revenue Tax Rate Original 2,900,000 35% Part D 3,200,000 35% Part E 2,900,000 40%
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This note was uploaded on 12/16/2009 for the course FIN 300 taught by Professor Olander during the Spring '08 term at ASU.

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Betsen Financial Ratios Assignment Key - Exhibit 2 - 1 Item...

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