ONLY $4$

Prepare a ratio report using the data in Exhibit $4\mathrm{.}23$ in Chapter $4.$ To the extent that actual $($as contrasted with budget$)$ data are available, make your report comparative. $($Note that because the data assumes a service organization, not all of the ratios presented in the chapter are relevant.$)$

The following accounts and balances appear on the records of Fiberboard Processing, Inc. $($see below$)$:

Both the petty cash and payroll cash accounts are operated as imprest accounts. That is$,$ their balances never change because all payments from them are reimbursed from the general checking account.

a$.$ Characterize the nature of each account above as normal, master, or sub$-$account.

b$.$ Calculate the total cash balance.

c$.$ If the company printed a summary balance sheet, what accounts and amounts would appear on the statement?

d$.$ Prepare a direct method cash flow statement.

$\backslash$table$[[$Account No$.,$Description,Account Balance$],[$Debit$,$Credit$],[100.$PET. $00,$Petty Cash,$500,],[101.$CHK$.00,$General checking $-$ cash,,$],[101.$CHK$.01,$Collections from sales,$367,200,],[101.$CHK$.02,$Payments to merchandise suppliers,,$$215,400$