Question: Don't do the balance sheet , working capital , and assets turnover and debit ration . JUST DO : income statement, a statement of retained

 Don't do the balance sheet , working capital , and assets

Don't do the balance sheet , working capital , and assets turnover and debit ration .

JUST DO : income statement, a statement of retained earnings , profit margin, and current ratio .

XYZ Company Adjusted Trial Balance Problem # 3 Debit Credit $ 9,800 Cash Accounts receivable 5,250 Supplies 5,300 Prepaid Advertising 3,000 Trucks 30,300 $ 10,000 Accumulated depreciation Trucks Equipment 7,600 Accumulated depreciation Equipment 2,100 Accounts payable 1,200 Unearned service fees 6,700 Common Stock 10,000 Retained earnings 16,050 Dividends 12,000 Service fees earned 90,000 Wages expense 29,800 Rent expense 10,200 Insurance expense 4,900 Supplies expense 5,100 Advertising expense 8,000 Depreciation expense Trucks 4,000 Depreciation expense Equipment 800 Totals $136,050 $136,050 Required: Prepare an Income Statement, a statement of Retained Earnings and a Balance Sheet. Also, calculate profit margin, current ratio, working capital, assets turnover and debt ratio

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