The following accounting data is used for questions 8 and 9: Assets Inventory $530,000 Property, plant & equipment $500,000 Other assets $140,000 Total assets $1,170,000 Condensed Income Statement Revenue $2,000,000 Cost of goods sold $700,000 Other
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Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $45,700 Assets $21,900 Debt $5,900 Costs 40,100 Equity 16,000 Net income $5,600 Total $21,900 Total
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