receivables seems high but this would depend on the credit terms Click to

Receivables seems high but this would depend on the

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receivables seems high, but this would depend on the credit terms Click to select your answer(s) and then click Check Answer, All parts showing Clear All Final Check * Income Statement Accel's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 Net Sales Revenue 40,600 $ 28,400 Cost of Goods Sold Interest Expense 40,500 30,600 570 8,200 600 4,300 All Other Expenses 7,300 $ 1,130 Net Income Print Done 0 Balance Sheets Accel's Companies Balance Sheet May 31, 2018 and 2017 Assets 2018 Liabilities 2018 2017 2017 Cash $ 2,400 $ 13,200 10,300 Short-term Investments Accounts Receivable Merchandise Inventory 23,500 28,000 7,500 6,900 8,000 900 Total Current Liabilities 28,000 $ 13,900 9,000 Long-term Liabilities 5,200 Total Liabilities 41,900 8,600 Stockholders' Equity 1,500 Common Stock 11,000 25,200 Retained Earnings 29,900 29,000 Total Equity 40,900 54,200 82,800 $ Total Liabilities and Equity Other Current Assets Total Current Assets All Other Assets 52,800 30.000 82,800 $ 11,000 19,700 30,700 S 54,200 Total Assets Print Done
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  • Spring '14
  • ChadT.Morris

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