Solution_for_Demo_for_Chap_1 - ChapterOneDemoProblem

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Chapter One Demo Problem The stores owned and franchised by Krispy Kreme Donuts can each make  between 4,000 and 10,000 donuts per day. This capacity and the fanatical loyalty  of its customers have made this expanding company a great success. Following  is a list of the financial statement items and amounts adapted from a recent  Krispy Kreme Donuts income statement and balance sheet. The numbers are  presented for the year ended January 28, 2001. Accounts payable $ 14,697 Accounts receivable   24,733 Cash   7,026 Contributed capital   85,060 General and administrative  expenses   20,061 Income tax expense   9,058 Inventories   12,031 Net income   14,725 Notes payable   3,526 Operating expenses   250,69 0 Other assets   31,260 Other expenses   6,181 Other liabilities   26,474 Pretax income   23,783 Property and equipment   78,340 Retained earnings   41,736 Sales revenues   300,71 5 Short-term investments   18,103 Total assets   171,49
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Solution_for_Demo_for_Chap_1 - ChapterOneDemoProblem

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