The following are the financial statements for Nederland Consumer Products Compa

Question

The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2011. Nederland Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2011 Net sales $ 69,097 Cost of goods sold 28,845 Gross profit $ 40,252 Marketing, research, administrative exp. 16,237 Depreciation 892 Operating income(loss) $ 23,123 Interest expense 379 Earnings(loss) before income taxes 22,744 Income taxes 6,937 Net earnings(loss) $ 15,807 Nederland Consumer Products Company Balance Sheet as of September 30, 2011 Assets: Liabilities and Stockholder's Equity: Cash and marketable securities $ 4,365 Accounts payable $ 2,762 Investment securities 503 Accrued and other liabilities 7,166 Accounts receivable 4,207 Taxes payable 3,157 Total inventories 5,127 Debt due within one year 6,836 Deferred income taxes 845 Prepaid expenses & other receivables 1,759 Total current assets $ 16,806 Total current liabilities $ 19,921 Property, plant, and equip., at cost 30,500 Long-term debt 9,901 Less: Accumulated depreciation 9,451 Deferred income taxes 2,563 Net plant and equipment $ 21,049 Other non-current liabilities 2,676 Net goodwill & other intangible assets 27,893 Total liabilities $ 35,061 Other non-current assets 1,722 Convertible Class A preferred stock 1,718 Common stock 2,594 Retained earnings 28,097 Total stockholders

Explanation / Answer

Please Format your text. It looks unstructured with no visible Tables. While copy pasting use button at bottom right of text box in chegg. It looks like camera. It will maintain format of text after publishing. I hope this helped you for posting new tutorials plz rate lifesaver

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.