Business
Business, 24.10.2019 03:20, Lolmickles968

Cardinal industries had the following operating results for 2018: sales = $33,611; cost of goods sold = $23,869; depreciation expense = $5,927; interest expense = $2,675; dividends paid = $1,933. at the beginning of the year, net fixed assets were $19,870, current assets were $7,005, and current liabilities were $3,950. at the end of the year, net fixed assets were $24,439, current assets were $8,642, and current liabilities were $4,610. the tax rate for 2018 was 25 percent.

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