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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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