Accounting Exercise - MGT 1281 Accounting Exercise...

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MGT 1281 – Accounting Exercise (In-Class) Balance Sheet XYZ Inc. (dollar figures are in thousands) 1997 1996 Assets Current Assets: Cash and Equivalents $ 2,738 $ 2,260 Accounts Receivable 1,175 996 Inventory 1,034 897 Total Current Assets 4,947 4,153 Real Estate 31,677 29,847 Equipment 13,448 12,958 Goodwill 3,167 3,334 Total Assets 53,229 50,292 Liabilities Current Liabilities: Accounts Payable 1,488 1,092 Short-term Debt 123 147 Total Current Liabilities 1,611 1,239 Long-term Debt 25,000 27,000 Other Liabilities 122 101 Total Liabilities 26,733 28,340 Total Shareholders' Equity 26,496 21,952
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MGT 1281 – Accounting Exercise (In-Class) Income Statement XYZ Inc. (dollar figures are in thousands) 1997 1996 Sales Revenue Widget Sales $ 12,347 $ 9,746 Services 6,912 5,688 Total Sales Revenue 19,259 15,434 Sales Costs Widget Sales 5,649 4,688 Services 3,166 2,712 Total Cost of Goods Sold 8,815 7,400 Gross Profit 10,444 8,034 Gross Margin 54 % 52 % Operating Expenses Sales & Marketing 4,078
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This note was uploaded on 01/14/2011 for the course MGMT 2384 taught by Professor Mclaren during the Spring '08 term at Saint Mary's University Texas.

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Accounting Exercise - MGT 1281 Accounting Exercise...

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