Question: Need assistance, Please and Thank you 1) 2) 3) Statement of cash flows A summary of cash flows for A-One Travel Service for the year

Need assistance, Please and Thank you

1)Need assistance, Please and Thank you 1) 2) 3) Statement of cash

2)

flows A summary of cash flows for A-One Travel Service for the

3)

year ended August 31, 20Y6, follows: Cash receipts: Cash received from customers

Statement of cash flows A summary of cash flows for A-One Travel Service for the year ended August 31, 20Y6, follows: Cash receipts: Cash received from customers $287,920 14,400 Cash received from issuing common stock Cash payments: Cash paid for operating expenses 224,580 Cash paid for land 65,200 Cash paid for dividends 2,600 The cash balance as of September 1, 2015, was $87,040. Prepare a statement of cash flows for A-One Travel Service for the year ended August 31, 20Y6. Use the minus sign to indicate cash outflows, cash payments and decreases in cash. A-One Travel Service Statement of Cash Flows For the Year Ended August 31, 20Y6 Line Item Description Amount Cash flows from (used for) operating activities: Amount Balance sheet The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned $912,020 Office expense 209,765 Miscellaneous expense 18,240 Wages expense 437,770 Accounts payable 22,800 Accounts receivable 63,840 Cash 248,560 Common stock 135,000 Land 292,000 Supplies 10,945 Cash dividends of $34,700 were paid during the year. Retained earnings as of September 1, 2045, were $246,000. Prepare a balance sheet as of August 31, 20Y6. When entering assets, enter them in order of liquidity. A-One Travel Service Balance Sheet August 31, 20Y6 Line Item Description Amount Amount A company had the following data: Dec. 31, Year 2 Dec. 31, Year 1 Total liabilities $128,250 $120,000 Total stockholders' equity 95,000 80,000 a. Compute the ratio of liabilities to stockholders' equity for each year. Round your answers to two decimal places. Liabilities to Stockholders' Equity Ratio Dec. 31, Year 2 Dec. 31, Year 1 b. Has the creditors' risk increased or decreased from December 31, Year 1, to December 31, Year 2

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