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Business, 30.09.2019 21:10 steves9994

Blue diamond industries had the following operating results for 2017: sales = $27,960; cost of goods sold = $19,360; depreciation expense = $4,940; interest expense = $2,190; dividends paid = $1,050. at the beginning of the year, net fixed assets were $16,680, current assets were $5,780, and current liabilities were $3,300. at the end of the year, net fixed assets were $20,260, current assets were $7,116, and current liabilities were $3,840. the tax rate was 30 percent.

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