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Stamford Office Supply Company reported the following selected financial statement data:
Cash
Dec 31, 2012
$30,000
Dec 31, 2013
$32,000
Accounts receivable (net)
48,000
52,000
Inventory
68,000
72,000
Plant assets (net)
210,000
218,000
Total assets
405,000
395,000
Liabilities
145,000
Shareholders' equity
260,000
250,000
Net sales
340,000
400,000
Cost of goods sold
220,000
280,000
Net income
20,000
25,000
Required:
Compute the following for 2013:
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