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80 fargo manufacturing condensed data from the financial statements of fargo manufac 4299897

 

80. Fargo Manufacturing
Condensed data from the financial statements of Fargo Manufacturing for 2012 and 2011 are presented below. The figures are expressed in thousands.
 

Statement A

2012

2011

Total current assets

$219,560

$180,080

Property, plant & equipment

 

 

(net of accumulated depreciation)

18,320

12,724

Investments

3,370

1,061

Other assets

12,220

10,606

 

Total assets

$253,470

$204,471

Total current liabilities

92,990

86,600

Long-term debt

15,160

20,156

 

Total liabilities

108,150

106,756

Stockholders' equity:

 

 

Contributed capital

53,680

32,250

Retained earnings

91,640

65,465

 

Total stockholders' equity

145,320

97,715

Total liabilities & stockholders' equity

$253,470

$204,471

 

 

 

 

 

Statement B

2012

2011

Net sales

$229,301

$184,701

Cost of sales

135,453

119,284

Gross margin

93,848

65,417

Selling, general and administrative expenses

64,832

52,220

Other income (expense)

693

(118)

Income (loss) before income taxes

29,709

13,079

Income tax expense

3,534

2,109

Net income (loss)

$  26,175

$  10,970

 

 

 

Refer to the information provided for Fargo Manufacturing.
 

A)

What is the name of Statement A?

 

 

B)

What is the name of Statement B?

 

 

 

 

 

 

 

 

 

 

 

81. Fargo Manufacturing
Condensed data from the financial statements of Fargo Manufacturing for 2012 and 2011 are presented below. The figures are expressed in thousands.
 

Statement A

2012

2011

Total current assets

$219,560

$180,080

Property, plant & equipment

 

 

(net of accumulated depreciation)

18,320

12,724

Investments

3,370

1,061

Other assets

12,220

10,606

 

Total assets

$253,470

$204,471

Total current liabilities

92,990

86,600

Long-term debt

15,160

20,156

 

Total liabilities

108,150

106,756

Stockholders' equity:

 

 

Contributed capital

53,680

32,250

Retained earnings

91,640

65,465

 

Total stockholders' equity

145,320

97,715

Total liabilities & stockholders' equity

$253,470

$204,471

 

 

 

 

 

Statement B

2012

2011

Net sales

$229,301

$184,701

Cost of sales

135,453

119,284

Gross margin

93,848

65,417

Selling, general and administrative expenses

64,832

52,220

Other income (expense)

693

(118)

Income (loss) before income taxes

29,709

13,079

Income tax expense

3,534

2,109

Net income (loss)

$  26,175

$  10,970

 

 

 

Refer to the information provided for Fargo Manufacturing. Which statement indicates the financial position of the company? What information is provided on that statement that indicates the “financial position” of the company? Explain.

 

 

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