Question: make visible for iphone plz Financial ratios computed for Whittaker Inc. Include the following: Current ratio Acid-test ratio Debt/equity ratio Inventory turnover Accounts receivable turnover
Financial ratios computed for Whittaker Inc. Include the following: Current ratio Acid-test ratio Debt/equity ratio Inventory turnover Accounts receivable turnover Times Interest earned Gross profit ratio Return on investment Earnings per share 2.1 to 1 1.1 to 1 2.0 to 1 4.0 times 5.6 times 4.70 times 20% 16.59% $ 5.48 . All sales during the year were made on account. Cash collections during the year exceeded sales by $15,000, and no uncollectible accounts were written off . The balance of the accounts receivable account was $13,000 on January 1, 2020, No common stock was issued during the year Dividends declared and paid during the year were $3,500, The balance of the inventory account was $29,520 on January 1, 2020, Interest expense on the income statement relates to the 15% bonds payable: $10,000 of these bonds were issued on May 1, 2020, the remaining amount of bonds payable were outstanding throughout the year. All bonds were issued at foce amount Required: a. Complete the income statement and balance sheet for Whittaker Inc Financial ratios computed for Whittaker Inc. Include the following: Current ratio Acid-test ratio Debt/equity ratio Inventory turnover Accounts receivable turnover Times Interest earned Gross profit ratio Return on investment Earnings per share 2.1 to 1 1.1 to 1 2.0 to 1 4.0 times 5.6 times 4.70 times 20% 16.59% $ 5.48 . All sales during the year were made on account. Cash collections during the year exceeded sales by $15,000, and no uncollectible accounts were written off . The balance of the accounts receivable account was $13,000 on January 1, 2020, No common stock was issued during the year Dividends declared and paid during the year were $3,500, The balance of the inventory account was $29,520 on January 1, 2020, Interest expense on the income statement relates to the 15% bonds payable: $10,000 of these bonds were issued on May 1, 2020, the remaining amount of bonds payable were outstanding throughout the year. All bonds were issued at foce amount Required: a. Complete the income statement and balance sheet for Whittaker Inc
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