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Business · Accounting
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Balance Sheet as of December 31, 2010 Cash Receivables Inventories S 180,000 Accounts payable 360,000Notes payable S 360,000 156,000 180,000 720,000 Accruals Total current liabilities S 696,000 1,800,000 204,000 Total liabilities and equity $2,700.00 Total current assets $1,260,000 Fixed assets 1,440,000 Common stock Retained earnings Total assets $2,700,000 Income Statement for December 31, 2010 Sales Operating costs $3,600,000 3,279,720 320,280 18,280 S 302,000 120,800 S 181,200 S 108,000 EBIT Interest EBT Taxes (40%) Net income Dividends
39 48o -Use the data in Intone S uestim Ife Salas increase b Ip o nl (b) Pls rempye tax 4mea ure by tax ant-- BT eav 201
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