Looking for Income Statement and Balance Sheet for the Better USA, Inc. company
ID: 2502564 • Letter: L
Question
Looking for Income Statement and Balance Sheet for the Better USA, Inc. company for 2010 and 2011
Facts: Sales 11,573 (2010) and 12,936 (2011) - Depreciation 1,661 and 1,736 - Cost of goods sold 3,979 and 4,707 - Other expenses 946 and 824 - Interest 776 and 926 - Cash 6,067 and 6,466 - Accounts receivable 8,034 and 9,427 - Short-term notes payable 1,171 and 1,147 - Long-term debt 20,320 and 24,696 - Net fixed assets 50,888 and 54,273 - Accounts payable 4,384 and 4,644 - Inventory 14,283 and 15,288 - Dividends 1,411 and 1,618
Explanation / Answer
Income statement 2011
Sales . . . . . . . . . . . . . . . . . .$ 12,936
Less: Cost of goods sold . . . . . .4,707
Gross profit . . . . . . . . . . . . . . . . . . . . . . .$8,229
Operating expenses
Depreciation expense . . . . . . . .1,736
Interest expense . . . . . . . . . . . . .926 . . . . 2,662
Income from operations . . . . . . . . . . . . . . .5,567
Other expenses . . . . . . . . . . . . . . . . . . . . . 824
Net Income . . . . . . . . . . . . . . . . . . . . . . $4,743
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