Hunter corporation financial data in thousands of dollars. 2006 Current Assets $

Question

Hunter corporation financial data in thousands of dollars. 2006 Current Assets $500 Fixed Assets,net $700 Total Assets $1,200 Current Liabilities $300 Long term debt $200 Common equity $700 Total Liabilities and Equity $1,200 Net Sales $1,500 Total Expenses $(1,390) Net income $110 2005 Current Assets $400 Fixed Assets,net $600 Total Assets $1000 Current Liabilities $200 Long term debt $200 Common equity $600 Total Liabilities and Equity $1,000 Net Sales $1,200 Total Expenses $(1,100) Net income $100 a. Calculate Hunter

Explanation / Answer

The following are selected financial data in thousands of dollars for the Hunter Corporation. 2006 2005 Current Assets $500 $400 Fixed Assets, net $700 $600 Total Assets $1200 $1000 Current Liabilities $300 $200 Long?Term Debt $200 $200 Common Equity $700 $600 Total Liabilities and Equity $1200 $1000 Net Sales $1500 $1200 Total Expenses $(1,390) $(1,100) Net Income $110 $100 $ 110 $ 100 a.Calculate Hunter

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