Calculated create company income statement-balance sheet

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Reference no: EM131314153

In the Chapter Light homework you were given the following information on ABC Enterprises. In its closing financial statements for its first year in business. ABC Enterprises, had cash of $242. accounts receivable of $850. inventory of $820. net fixed assets of $3, 408. accounts payable of $700. short-term notes payable of $740. long-term liabilities of $1.100. common stock of $1.160. retained earnings of $ 1.620, net sales of $2, 768, cost of goods sold of $1, 210. depreciation of $360. interest expense of $160, taxes of $312, addition to retained earnings of $508, and dividends paid of $218. In addition you calculated a number of ratios. Using the information provided and the ratios you calculated create the company's income statement and balance sheet.

Reference no: EM131314153

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