Question: B. Financial Statement and Ratio Analysis: Askew Shopping Centre reported the following data on December 31, 2020, in alphabetic order. Accounts receivable 32,578 Accounts payable
B. Financial Statement and Ratio Analysis: Askew Shopping Centre reported the following data on December 31, 2020, in alphabetic order. Accounts receivable 32,578 Accounts payable 29,834 Accumulated depreciation 22,834 Bonds payable, net (due 2025) 20,221 Cash 8,798 Common shares 2,038 Cost of goods sold 35,227 Depreciation expense 10.939 Dividends 120 Equipment 56,328 Interest expense 102 Inventories 11,434 Prepaid expense 9,837 Retained earnings, January 1, 2020 23,403 Salaries payable 18,532 Sales revenue 58,723 Selling and administration expense 10,222 1. Prepare the single-step Income Statement for the year ended December 31, 2020. Omit the heading of the statement. Fill in the grey boxes Previous Page Next Page 1. Prepare the single-step income Statement for the year ended December 31, 2020. Omit the heading of the statement Fit in the grey boxes Revenue: Expenses Total expenses Net income 2 What's the gross profit or growin? 3. What's the gross profteretage lended to Do 4. the benchmark of the gross profit percentage omhopping centres in the regionis 59 briefly comment on to Shooing Centre's probably
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