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Presented Below Are Selected Data from the Financial Statements of Harper

Question 71

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Presented below are selected data from the financial statements of Harper Company for 2014, 2013, and 2012.
201420132012 Total assets $1,205,000$952,000$945,000 Cost of goods sold 360,000420,000440,000 Inventory 56,00064,00053,000 Net income 65,00025,00016,000\begin{array}{lrrr}&2014&2013&2012\\\text { Total assets } & \$ 1,205,000 & \$ 952,000 & \$ 945,000 \\\text { Cost of goods sold } & 360,000 & 420,000 & 440,000 \\\text { Inventory } & 56,000 & 64,000 & 53,000 \\\text { Net income } & 65,000 & 25,000 & 16,000\end{array} Presented below are selected data from the financial statements of Harper Company for 2014, 2013, and 2012. \begin{array}{lrrr}&2014&2013&2012\\ \text { Total assets } & \$ 1,205,000 & \$ 952,000 & \$ 945,000 \\ \text { Cost of goods sold } & 360,000 & 420,000 & 440,000 \\ \text { Inventory } & 56,000 & 64,000 & 53,000 \\ \text { Net income } & 65,000 & 25,000 & 16,000 \end{array}

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