Question: Please Answer and show work neatly for a better understanding Thank you Based on the Income Statement and Balance sheet below calculate the Average Age

Please Answer and show work neatly for a better understanding Thank you

Please Answer and show work neatly for a better understanding Thank you

Based on the Income Statement and Balance sheet below calculate the Average

Age of Accounts Payable for the residential construction company. Cumentibxies Owner's Equity

Canidal Stock Retaned Eacning \begin{tabular}{|cc} \hline 10,51A)136,917 & 10,(1)Al358,94 \\ - &

Based on the Income Statement and Balance sheet below calculate the Average Age of Accounts Payable for the residential construction company. Cumentibxies Owner's Equity Canidal Stock Retaned Eacning \begin{tabular}{|cc} \hline 10,51A)136,917 & 10,(1)Al358,94 \\ - & - \\ \hline 116,917 & 368,914 \\ \hline 1,029,0B1 & 827,190 \\ \hline \end{tabular} INCOME STATEMENT REVENUE 3,798,950 100.0% CONSTRUCTION COSTS Materials Labor Sibcontract EAitimet Other Total Construction Casts \begin{tabular}{rr} 713,462 & 18.8% \\ 902,514 & 23.8% \\ 1,450,352 & 382% \\ 121,123 & 32% \\ 5,452 & 0.1% \\ \hline 3,192,913 & 84.0% \end{tabular} EQUIPMENT COSTS \begin{tabular}{lrr} Rent and Lease Payments & 35,513 & 0.9% \\ Denrecitinn & 32,397 & 09% \\ Repais and Maintrnance & 21,254 & 0.6% \\ Fud and Lubration & 29,245 & 0.8% \\ Taxes, Licenses, anl Instrance & 1,342 & 0.0% \\ EqYment Costs Chargel to Johs & 121,123 & 32% \\ \cline { 2 - 3 } Total EqLiment Costs & - & 0.0% \end{tabular} GROSS PROFT 6N,6,47 16.0% OVERHEAD 422.56211.1% NET PROFTT FROM OPERATIONS 183,4854.8% OTHER INCOME AND EXPENSE 21,5210.6% PROFTT BEFORE TAX INCOME TAX \begin{tabular}{rr} 205,006 & 5.4% \\ \hline 35,524 & 09% \end{tabular} PROFTT AFTER TAX 169,48245% 48 days 55 days 60 days 50 days

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