prepare an income statement and a balance sheet from the following scrambled list of 4372891

Prepare an income statement and a balance sheet from the following scrambled list of items. What is the firm’s net working capital and debt ratio?

Sales …………………………………………….. $550,000

Accumulated depreciation ……………………….. 190,000

Cash ……………………………………………………… ?

Cost of goods sold ……………………………….. 320,000

Accounts receivable ……………………………….. 73,000

Depreciation expense ………………………………. 38,000

Accounts payable ………………………………….. 65,000

Interest expense ……………………………………. 26,000

Short-term notes payable …………………………… 29,000

Income taxes ……………………………………….. 59,850

Inventories …………………………………………. 47,000

Marketing, general, and administrative expenses … 45,000

Gross fixed assets ……………………………….. 648,000

Long-term debt ………………………………….. 360,000

Common stock ………………………………….. 120,000

Other assets ………………………………………. 15,000

Retained earnings ……………………………….. 138,500

In addition, the firm has 10,000 shares outstanding and paid $15,000 in common stock dividends during the year?

Prepare an income statement and a balance sheet from the

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