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2014 2015

Accounts Payable                                     $18,766           $17,868

Accounts Receivable                                          6,626               7,184

Cash                                                                  15,719             17,486

Common Stock                                                   2,626             10,508          

Cost of Goods Sold                                           14,768             14,954

Depreciation                                                       2,000               2,000           

Dividends                                                            5,244               5,236

Interest Expense                                                    915                  980

Inventory                                                            5,571               6,226

Long-Term Debt                                               16,000                  ?

Net Property, Plant & Equipment                    13,136             14,973 

Retained Earnings                                                  ?                       ?  

R&D Expense                                                     7,180               7,503

Sales                                                                  42,237             44,033

SG&A Expense                                                11,606             11,911                                               


Construct Balance Sheets for 2014 and 2015.

Top Answer

Balance sheet: It is a financial statement which... View the full answer

1.png

A
B
C
Income Statement
2 Particulars
2014
2015
Sales
42237
44033
Less: COGS
14768
14954
5 Gross profit
27469
29079
Less: Operating expense
7 R&D expense
7180
7503
8
SG&A Expense
11606...

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