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

Question

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

Quizplus · Accepted Answer

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

Presented Below Are Selected Data from the Financial Statements of Harper