9:35 PM % B . . all all 90 Module-10_-BALAS-W. (1) - Saved . . . This document contains ink, shapes and images tha... V Activity 9 In this activity, the bookkeeper will be tasked to interpret financial statements (balance sheet, income statement, cash flow projection and summary of sales and cash receipts. Normally it is not part of a bookkeeper's job to analyse and interpret financial statement. It is the accountant's job. Below are some enrichments questions that need your computations and interpretations of balance sheet and income statement accounts of Alpha Laundry System for the month of June 2018. 1. Operating income ratio : 40,616.67 / 70,000 = 58 % Net Sales Interpretation:_ 2. Return on asset (ROA) : 40,616.67 / 240,616.67 = 16.88 % Ave. Assets Interpretation:_ 3. Return on equity (ROE) : 40,616.67 / 200,000.00 = 20.31 % Ave. Equity Interpretation: 4. Equity ratio : 240,616.67 / 200,000.00 = 120.31 % Total Assets Interpretation: What I Have Learned Answer the following fill in blank questions: 1. Bookkeepers is an employee of the company in charge to maintain bookkeeping records of the business. 2. Accounting book/journal Is considered the book of original entry. 3. Ledger Is considered the book of final entry. 4. Worksheet Is a financial statement that reports the financial position of the business. 5. Cost of goods sold Is a financial statement that reports net income or net loss of the business. 6. T-Accounts Is an entry necessary to update ledger accounts from unadjusted trial balance to adjusted trial balance. 7. Trial Balance Is a report summarizing the ledger accounts with updated balances in debit and credit columns. 8. Statement of cashflow Is a statement that reports the cash inflow and cash outflow of the business. 9. Sales report Is a type of sales report that presents cash collection only. 10. Cashflow report Is a record that report cash inflow of the business