Presented here are the financial statements of Marigoid Company Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total Marigold Company Comparative Balance Sheets December 31 Sales revenue Cost of goods sold Gross proft Selling expenses Administrative expenses Income from operations interest expense Income before income taxes Income tax expense Net income Additional data 2022 $37.900 32.300 29,900 60.000 $130,400 $18.600 6.200 Marigold Company Income Statement For the Year Ended December 31, 2022 $28,800 7.000 27,400 (29.700) (23,000) 18,100 $130.400 49.100 5241,300 175.700 65.600 24.800 40.800 2400 38.400 7.680 2021 $30,720 $19.700 19.500 20,000 78,000 $114.200 $16.700 8.300 32.000 14.100 43.100 $114.200

Presented here are the financial statements of Marigoid Company Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total Marigold Company Comparative Balance Sheets December 31 Sales revenue Cost of goods sold Gross proft Selling expenses Administrative expenses Income from operations interest expense Income before income taxes Income tax expense Net income Additional data 2022 $37.900 32.300 29,900 60.000 $130,400 $18.600 6.200 Marigold Company Income Statement For the Year Ended December 31, 2022 $28,800 7.000 27,400 (29.700) (23,000) 18,100 $130.400 49.100 5241,300 175.700 65.600 24.800 40.800 2400 38.400 7.680 2021 $30,720 $19.700 19.500 20,000 78,000 $114.200 $16.700 8.300 32.000 14.100 43.100 $114.200

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 35BEB: The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as...

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