Business, 02.09.2021 18:30, lauriepdx17

Use the following information for IngersollI, Inc. Assume the tax rate is 24 percent. 2019 2020
Sales $19,573 $17,736
Depreciation 1,821 1,896
Cost of goods sold 4,779 4,867
Other expenses 1,026 904
Interest 875 1,006
Cash 6,307 6,946
Accounts receivable 8,200 9,907
Long-term debt 20,800 25,036
Net fixed assets 51,240 54,753
Accounts payable 5,970 6,431
Inventory 14,555 15,448
Dividends 1,750 1,778

Required:
Prepare a balance sheet for this company for 2019 and 2020.

Answers: 3

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Use the following information for IngersollI, Inc. Assume the tax rate is 24 percent. 2019 2020