almost everyting is done but still need help with question 4 with is picture 3 i need to know with ones are Source , Use and Not. Another thing is a need you to check the other questions just to make sure are correct Please

1. PREPARE A HORIZONTAL BALANCE SHEET 2. PREPARE A COMMON SIZE INCOME STATEMENT 12/31/20 12/31/19 $ CHANGE % CHANGE 12/31/20 45 CURRENT ASSETS CASH SHORT TERM INVEST ACCTS. RECEIVABLES INVENTORIES PREPAID ASSETS TOTAL CURR. ASSETS LONG TERM ASSETS MACHINERY LAND BUILDING PATENTS TOTAL LONG TERM TOTAL ASSETS 50 150 450 510 10 1170 140 510 520 12 1227 5 10 -60 -10 2 -57 11.11 7.14 (11.76) (1.92) (16.67) (4.65) SALES REVENUES COST OF GOODS SOLD GROSS PROFIT OPERATING EXPENSES OPERATING INCOME INTEREST EXPENSE INCOME BEFORE TAX INCOME TAX NET INCOME 2650 1225 1425 750 675 67 608 304 304 100.0% 46.2% 53.8% 28.3% 25.5% 2.5% 22.9% 11.5% 11.5% 2.86 360 1180 4500 230 6270 7440 350 1180 4600 250 6380 7607 10 0 -100 -20 -110 -167 (2.17) (8.00) (1.72) (2.20) -15 CURRENT LIABILITIES ACC. PAY WAGES PAY 3 TOTAL CURRENT LONG TERM DEBT TOTAL LIABILITIES STOCKHLD'S EQUITY 2 COMMON STOCK 3 RETAINED EARNINGS TOTAL ST. EQUITY 5 TOTAL LIAB.ST. EQ 360 65 425 2300 2725 375 74 449 2350 2799 -9 -24 -50 -74 (4.00) (12.16) (5.35) (2.13) (2.64) 3000 1715 4715 7440 3000 1808 4808 7607 0 -93 -93 -167 (5.14) (1.93) (2.20) ingratios for 12/31/20 DO NOT AVERAGE USE 12/31/20 ONLY! 3. Using the information in the income statement and balance sheet in 1 and 2 prepare the following ratios ANSWER CURRENT RATIO 2.75 ACID TEST 1.53 AREC TURNOVER 5.52 INVENTORY TURNOVER 2.38 TOTAL ASSET TURNOVER 0.35 DEST RATIO 0.32 TIMES INTEREST EARNED 10.02 PROFIT MARGIN RATIO 0.1147 RETURN ON TOTAL ASSETS 0.09 RETURN ON COMM, STOCK EQUITY 0.101 4. COMPLETE THE FOLLOWING TAB TABLE BY PLACING AN X IN THE CORRECT COLUMN CFI CFF SOURCE USE NOT CFO X X ACC. RECEIV. INCREASE INVENTORY DECREASE ACCOUNTS PAY. INCRE/REASE ISSUED LONG TERM NOTE ISSUED COMMON STOCK PAID A CASH DIVIDEND REPURCHASED COM. STOCK PURCHASED A MACHINE EXCHANGED DEBT FOR STOCK DEPRECIATION X X X X USE THE INDIRECT METHOD. 460 125 5. PREPARE A CFO FROM THE INFORMATION BELOW. $ NETINCOME DEPRECIATION GAIN ON SALE OF EQUIPMENT LOSS ON SALE OF INVESTMENTS INCREASE IN ACC. REC DECREASE IN INVENTORY INCREASE IN ACC. PAY DECREASE IN WAGES PAY Net Income Add: Depreciation 460 215 125 45 25 30 14 7 -215 45 Gain on sales of Equipment Loss on sales of investment Change in Working Capital Increase in Account receivable Decrease in inventory Increase in Account Payable Decrease in wages Pay Proceeds from operating activities -25 30 14 -7 Sheet1 12 427