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(Choose 1 answer)
Income Statement
Sales
$8,500
☐ A
☐ C
☐ D
The table below is financial statement of
Velapure Inc.
Velapure Inc. is currently operating at maximum
capacity. All costs, assets, and current liabilities
vary directly with sales. If sales increase by
12%. What is the projected accounts payable?
A. $2.678
Taxes
Net Income
COGS
$7,210
Depreciation
$400
EBIT
$890
Interest paid
$40
Taxable Income
$850
$310
$540
B. $2,436
Dividend
$330
Additional to retained earnings
$210
C. $2,393
Back
Next
D. $2,175
Balance Sheet
Cash
$1,700
Accounts payable
$2,175
Accounts receivable
$1,020
Long-term debt
$525
Inventory
$2,480
Common stock
$3,000
Total
$5,200
Retained earnings
$1,700
Net fixed assets
$2,200
Total Assets
$7,400
Total liabilities & equity
$7,400
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