Question: need help with these question. how will i answer please help 1. A comparative balance sheet for Tuscan Company appears below: TUSCAN COMPANY Comparative Balance

need help with these question. how will i answer please help

need help with these question. how will i answerneed help with these question. how will i answer
1. A comparative balance sheet for Tuscan Company appears below: TUSCAN COMPANY Comparative Balance Sheet Dec. 31, 2017 Dec. 31, 2016 Assets Cash $ 33,000 $10,000 Accounts receivable 18,000 14,000 Inventory 25,000 18,000 Prepaid expenses 6,000 9,000 Long-term investments -0- 18,000 Equipment 60,000 32,000 Accumulated depreciation-equipment (20,000) (14,000) Total Assets $122,000 $87,000 Liabilities and Stockholders' Equity Accounts payable $ 17,000 $7,000 Bonds payable 37,000 47,000 Common stock 40,000 23,000 Retained earnings 28,000 10.000 Total Liabilities and Stockholders' Equity $122,000 $87.000Addilional informalion 1. Net income for the year ending December 31, 2017 was $33,000. 2. Cash dividends of $15,000 were declared and paid during the year. 3. Longterm investments that had a cost of $18,000 were sold for $14,000. 4. Sales for 2017 were $120,000. Instructions A. Prepare a statement of cash ows for the year ended December 31, 201?, using the indirect method. (10) B. Calculate Current Ratio, Quick Ratio, Total Asset Turnover. Debt Ratio, RDA of Tuscan company for 201?. [5)

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