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| Using the below account balances for Charlotte Corp., and in this order: | ||
| A - Prepare an Income Statement for the Year Ended Dec. 31, 2021 in proper format using Excel. | ||
| B - Calculate the ending retained earnings balance as of 12/31/21 (beginning retained earnings is given). | ||
| C - Prepare the Balance Sheet as of December 31, 2021 AND 2020 in good format using Excel. | ||
| Accounts Payable | ||
| Accounts Receivable, net of uncollectible accounts | ||
| Additional Paid-in Capital | ||
| Automobiles | ||
| Building Improvements | ||
| Buildings | ||
| Cash | ||
| COGS | ||
Common Stock $1 par, 400,000 shs authorized, 30,000 shs issued, 25,000 shs outstanding | ||
| Computer Equipment | ||
| Conferences & Travel Expense | ||
| Depreciation & Amortization Expense | ||
| Dividends Paid | ||
| General & Administrative Expense | ||
| Goodwill | ||
| Income Tax Expense | ||
| Insurance Expense | ||
| Interest Expense | ||
| Interest Income | ||
| Interest Payable | ||
| Land | ||
| Accumulated Amortization | ||
| Accumulated Depreciation | ||
| Long-Term Bonds Payable | ||
| Long-Term Note Payable | ||
| Merchandise Inventory | ||
| Net Sales | ||
| Patents | ||
| Preferred Stock | ||
| Prepaid Insurance | ||
| Production Equipment | ||
| Research & Development Expense | ||
| Retained Earnings | ? (need to calculate) | |
| Selling Expense | ||
| Short-Term Marketable Securities | ||
| Short-term Note Payable | ||
| Trademarks | ||
| Treasury Stock 5,000 shs | ||
| Utilities Expense | ||
| Wages Expense | ||
| Wages Payable | ||
| Once the financial statements are prepared, calculate the following ratios for 12/31/21 (show your work): | ||
| D - Gross Margin Ratio | ||
| E - Current Ratio | ||
| F - Working Capital Ratio | ||
| G - Acid-Test Ratio | ||
| H - Asset Turnover | ||
| I - Inventory Turnover | ||
| J - # Days' Sales in Accounts Receivable | ||
| K - # of Days' Sales in Inventory | ||
| L - ROI | ||
| M - ROE | ||
| N - Earnings per Share | ||
| O - Debt Ratio | ||
| P - Debt/Equity Ratio | ||
| Q - Times Interest Earned |
Once the finascial statements are prepared, calculate the following raties for 2/31/21 (ehew your neflat D. Citass Margin Itatio E - Current Ratio F - Warking Capital Ratis Ci-Acid-Test Ratio H - Asset Tureover I- Inventery Turnever J- Days' Sales in Accounts Reccivable X. - of Days' Sales in Inventory L. - ROI M=ROE N - Eamings per Share O - Debt Ratio P- Debt Lquity Ratio Q-Times Interest Earned A - Propare an laceme Statemeat fer the Year Eeded Dee. 31, 2021 in proper fermat ening Exeel. B - Calculate the ending retained earaings halance as of 1231/21 (beginaing retaled rarnings is glven). C - Prepare the Balance Sheet as of December 31, 2021 AND 2020 in reod format exing Encel. Once the fiastial statements are prepared, calculate the following ratios for 2/31/21 (thew yeur wef D-Ciross Margin Ratio B. - Cursent Ratio F - Working Capical Ratio G - Aeid-Test Ratio H - Aasit Turmever I - Inventery Tumover J- A Days" Sales in Acenuets Receivable K. + H of Days' Sales in lnventory L. - ROI M - ROE N - Eantings per Share O - Debt Ratio P- DebtFquity Ratio Q. Times Inicrest Earned Using the below account balances for Charlotte Corp., and in this order: A- Prepare an income Statement for the Year Ended Dec. 31, 2021 in proper format using Excel. B - Calculate the ending retained earnings balance as of 12/31/21 (beginning retained earnings is given C- Prepare the Balance Sheet as of December 31, 2021 AND 2020 in good format using Excel. Once the financial statements are prepared, calculate the following ratios for 12/31/21 (show your work): D- Gross Margin Ratio E-Current Ratio F-Working Capital Ratio G. Acid-Test Ratio H- Asset Turnover I- Inventory Turnover 1. # Days' Sales in Accounts Receivable K. # of Days' Sales in inventory L. ROI M-ROE N-Eamings per Share O- Debt Ratio P. Debt/Equity Ratio Q. Times interest Earned
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