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ACCT/382 ACCT382 ACCT 382 Week 5 Chapter 5 Homework Question 8

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ACCT 382 Week 5 Chapter 5 Homework Question 8 There may be chances that the figures given in our question and your question doesn’t matches. Don’t worry, we are here to help you. Just write to us at studentwhiz@gmail.com and your answer is with you in no time. Question 8 The following condensed information was reported by Peabody Toys, Inc., for 2013 and 2012: ($ in 000s) 2013 2012 Income statement information Net sales $ 5,200 $ 4,200 Net income 180 124 Balance sheet information Current assets $ 800 $ 750 Property, plant, and equipment (net) 1,100 950 Total assets $ 1,900 $ 1,700 Current liabilities $ 600 $ 450 Long-term liabilities 750 750 Paid-in capital 400 400 Retained earnings 150 100 Liabilities and shareholders’ equity $ 1,900 $ 1,700

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