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San Diego State University Operations And Supply Chain Management Assignment Help - Assest


Question - Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page. The company did not issue any new common or preferred stock during the year. A total of 700 thousand shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $1.00. The market value of the company's common stock at the end of the year was $24. All of the company's sales are on account. Heritage Antiquing Services Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,120 $ 1,270 Accounts receivable, net 9,600 6,800 Invent ...Read More

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