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Homework answers / question archive / Use the information below for an Income Statement and Balance Sheet for 2011 & 2012

Use the information below for an Income Statement and Balance Sheet for 2011 & 2012

Finance

Use the information below for an Income Statement and Balance Sheet for 2011 & 2012. Also include a 40% tax rate expense on your pretax income.

2011

2012

Sales

$4,203

$4,507

Cost of Goods Sold

2,422

2,633

Depreciation

785

952

Interest

180

196

Dividends

225

250

Current Assets

2,205

2,429

Net fixed Assets

7,344

7,650

Current Liabilities

1,003

1,255

Long-Term debt

3,106

2,085

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