fm3 12 - 2006 2007 Accounts payable $ 145,600 $ 324,000...

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Mini Case: 3 - 12 Balance Sheets Assets 2006 2007 Cash $ 9,000 $ 7,282 Short-term investments. 48,600 20,000 Accounts receivable 351,200 632,160 Inventories 715,200 1,287,360 total current assets $ 1,124,000 $ 1,946,802 Gross fixed assets 491,000 1,202,950 Less: accumulated depreciation 146,200 263,160 net fixed assets $ 344,800 $ 939,790 Total assets $ 1,468,800 $ 2,886,592 Liabilities and equity
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Unformatted text preview: 2006 2007 Accounts payable $ 145,600 $ 324,000 Notes payable 200,000 720,000 Accruals 136,000 284,960 total current liabilities $ 481,600 $ 1,328,960 Long-term debt 323,432 1,000,000 Common stock (100,000 shares) 460,000 460,000 Retained earnings 203,768 97,632 total equity $ 663,768 $ 557,632 Total liabilities and equity $ 1,468,800 $ 2,886,592...
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This note was uploaded on 07/13/2011 for the course FIN 4414 taught by Professor Staff during the Spring '08 term at University of Florida.

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