User Account

All Pages

Prepare an income statement for company for 2014 and 2015

Assignment Help Accounting Basics
Reference no: EM131818032

Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent):

 

 

2014

 

2015

  Sales

 $

8,435  

 $

9,009  

  Depreciation

 

1,185  

 

1,186  

  Cost of goods sold

 

2,756  

 

3,120  

  Other expenses

 

699  

 

594  

  Interest

 

585  

 

663  

  Cash

 

4,169  

 

5,263  

  Accounts receivable

 

5,499  

 

6,187  

  Short-term notes payable

 

854  

 

806  

  Long-term debt

 

14,120  

 

16,650  

  Net fixed assets

 

35,055  

 

35,997  

  Accounts payable

 

4,436  

 

4,245  

  Inventory

 

9,730  

 

9,998  

  Dividends

 

1,016  

 

1,111  

Prepare an income statement for this company for 2014 and 2015. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

Prepare the balance sheet for this company for 2014 and 2015. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)

Reference no: EM131818032

Questions Cloud

Extension of the two-sample procedure : A several-sample ANOVA procedure, studied in this chapter, is an extension of the two-sample procedure, in that a comparison is made of several independent
Discuss what is the net present value of the project : Brodigan Corporation has provided the following information concerning a capital budgeting project
Explain factors necessary to ensure referential integrity : Determine and explain the factors necessary to ensure referential integrity. Identify which data components are the entities and attributes.
Confidence interval for the difference between mean times : In a particular race, the best times (in seconds) for swimming the 100 freestyle were 44.51, 45.91, 46.18, 46.62, and 46.89; the best times
Prepare an income statement for company for 2014 and 2015 : Use the following information for Ingersoll, Inc, Prepare an income statement for this company
What does term risk mean in the context of capital budgeting : What does the term "risk mean in the context of capital budgeting; to what extent can risk be quantified; and when risk is quantified,
Develop a data model that will retain student records : Develop a data model that will retain student records and perform various data extract transform and load (ETL) processes.
Three top swimmers on a university swim team : Times (in seconds) for the 100 freestyle and 100 backstroke were recorded for three top swimmers on a university swim team: 46.18 and 50.02
Plausible values for the mean of differences : Use software to access the student survey data, and perform the appropriate test. Report the mean of sampled differences, the standardized mean

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd