Financial data for Bridger, Inc., for last year are as follows: Bridger, Inc. Ba
ID: 2369852 • Letter: F
Question
Financial data for Bridger, Inc., for last year are as follows:
Bridger, Inc.
Balance Sheet
Beginning
Balance
Ending
Balance
Assets
Cash
$
125,000
$
130,000
Accounts receivable
340,000
480,000
Inventory
570,000
490,000
Plant and equipment, net
845,000
820,000
Investment in Brier Company
400,000
430,000
Land (undeveloped)
250,000
250,000
Total assets
$
2,530,000
$
2,600,000
Liabilities and Stockholders' Equity
Accounts payable
$
380,000
$
340,000
Long-term debt
1,000,000
1,000,000
Stockholders' equity
1,150,000
1,260,000
Total liabilities and stockholders' equity
$
2,530,000
$
2,600,000
Bridger, Inc.
Income Statement
Sales
$
4,180,000
Operating expenses
3,553,000
Net operating income
627,000
Interest and taxes:
Interest expense
$ 120,000
Tax expense
200,000
320,000
Net income
$
307,000
The company paid dividends of $197,000 last year. The
Financial data for Bridger, Inc., for last year are as follows:
Explanation / Answer
= 627000 - 20% of 1920000 =243000 is not correct, looks like just a type-o it should be
= 627000 - 20% of 1900000 =247000.
your answer still helped me tramendously, Thanks
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