Question: i need the income statement and balnce sheet only....please help!!! Version 1 Company -Matisse Company Reporting Year- 2016 (Corporation Uses a Calendar Year Jan. 1

 i need the income statement and balnce sheet only....please help!!! Version
1 Company -Matisse Company Reporting Year- 2016 (Corporation Uses a Calendar Year
Jan. 1 through Dec. 31st List of Accounts Common Stock, Total Dividends
Other Expense Trading Securities Sales Tax Payable Purchase Discounts General Expense Rent
Revenue Purchase Returns & Allowances Accounts Payable Interest Payable (Current) Estimated Warranty
i need the income statement and balnce sheet only....please help!!!

Version 1 Company -Matisse Company Reporting Year- 2016 (Corporation Uses a Calendar Year Jan. 1 through Dec. 31st List of Accounts Common Stock, Total Dividends Other Expense Trading Securities Sales Tax Payable Purchase Discounts General Expense Rent Revenue Purchase Returns & Allowances Accounts Payable Interest Payable (Current) Estimated Warranty Liability Deferred Income Tax Unearned Revenue Capital Lease Obligation 8S 132.00 982. CO $1,200.0 1315.00 2.000.0O Chapter Material of Education redesigned the student er our end-of-chapter assessment content face provides improved answer to reduce students frustration with ses lsuch as roundingl and, for select pvdes an expanded table that guides the process of sohing the problenm Hill Allowance for Doubtful Accounts Prepaid Expenses Notes Payable - Maturity 2018 Operating Activities-Net Cash Inflow Held to Maturity Investments Accrued Wage & Salary Other Long Term Assets Income Taxes Payable Financing Activities- Net Cash Outflow 0 2 40000 2500.00 8 3,280.00 3.550.0 Bond Payable (Maturity 2020) Sales Returns Intangibles, Net Administrative Expense Investing Activities- Net Cash Inflow Selling Expense Accumulated Depreciation, Total Research & Development Accounts Receivable Total Current Liabilities (12/31/15) .oo oO 8,000.00 9332.OO 13,249.oo eS Goodwill, Net Cost of Goods Sold Total Liabilities (12/31/15) Additional Paid-In Capital Property/Plant/Equipment Cash & Equivalents (Beginning Bal. 1/1/2016) Total Current Assets (12/31/15) Gross Sales Revenue EA,000.00 8s Total Owners Equity (12/31/15) otal Assets (12/31/15) Additional Information The current portion of Total Capital Lease Obligation is $2,009. During 2016, the company repurchased common stock for $394. Deferred Income Tax will reverse in 2017 Inventory balance of $4,200 does not include adjustments for returns, allowances and discounts. Sales Allowances were 10% of Gross Sales. 1%-8,000,00-Sales Alloonces Sales Discounts were 3% of Gross Sales. 2,4oo.co-sa ons baseout S Prepayment for future services/goods will be earned in 2017. The company's reporting period is the same as a calendar year. Income Tax Rafe is 30% warranty Liabilrty represents oxpected vepairs in 2017 Total Owner's Eadity on 12/31 Illo is 03180 ACCT 322 Financial Statements Project Instructions Required: 1. Using Microsoft Excel, prepare an Income Statement for the year ended 2016. Show the % of each revenue item in relation to total revenues -Show the % of each expense item in relation to total expenses. 2. Using Microsoft Excel, prepare a Balance Sheet for the 2016 Show the % of each asset in relation to total assets. -Show the % of each liability in relation to total liabities. 3. Compute the Current Ratio for 2016. (Current Assets/Current Liabilities). 4. Compute the Debt to Asset Ratio for 2016. (Liabilities / Assets) 5. Compute the Gross Profit Margin for 2016. (Gross Profit/Total Revenue) 6. Compute the Net Profit Margin for 2016. (Net Income/ Total Revenue) 7. Compute Return on Assets for 2016. (Net Income /Average Assets) 8. Compute Return on Equity for 2016. (Net Income / Average Equity) 9. Comparing the year 2016 to 2015, is the company more liquid or less liquid in 2016? 10. Comparing the year 2016 to 2015, is the company more solvent or less solvent in 2016

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