From the following construct a simple income statement and balance sheet:
Sales: 1, 000 ,000
Finished goods: 200k
Long term debt 300 k
raw materials 100 k
cash 50k
cost of goods sold 600 k
accts receivable: 250 k
plant and equipment 400 k
interest expense 80 k
number of shares outstanding 100k
earnings before taxes 220 k
taxes 100k
accts payable 220k
other current liabilities 50 k
other expenses 100k
equity 450 k
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