This is solely for learning purposes. To advance my knowledge.
Please help help with these, I thought I had it right, but it’s wanta both years. All questionsthis is solely
Attachment 1
Attachment 2
Use the following financial statement information for Stowe Enterprises to solve Prob -lems 2 4. 4 through 2 4 . 7 :STOWE ENTERPRISES2015 Statement of Comprehensive Income*Sales$4, 500Cost of goods sold2 , 400Depreciation500Earnings before interest and taxes$1 , 600Interest paid480Taaxable income$1 , 120Taxes380Net income740Addition to retained earnings186Dividends554