Question: Please answer questions 19-29 please, I need this by tonight. I will leave a good review. Exam questions 14 through 29 are based upon the

Please answer questions 19-29 please, I need this by tonight. I will leave a good review.

Please answer questions 19-29 please, I need this by tonight. I will

leave a good review. Exam questions 14 through 29 are based upon

Exam questions 14 through 29 are based upon the following data: Hofb Parks Trading Corporation Balance Sheets March 31, 2021 & 2020 2021 2020 $ $ Assets Cash Accounts Receivable (net) Inventory Prepaid Expenses Total Current Assets 235,445 117.000 125,450 4,000 481,995 123,215 114,000 120,000 4,450 361,665 Equipment Accumulated Depreciation Net Fixed Assets 494,250 (244,350) 249,900 299,935 (117,855) 182,080 Goodwill 300,000 300,000 Total Assets $ 1,031,795 $ 843,745 $ Liabilities & Stockholders' Equity Accounts Payable $ Accrued Expenses Rent Payable Total Current Ulabilities 223,000 123,000 3,450 349,450 234,000 122,500 3,245 359,745 Bonds Payable Total Liabilities 334,000 683.450 234,000 $93.745 $ Common Stock Retained Earnings Total Stockholders' Equity 126,000 222,345 348.345 112,000 138.000 250,000 Total Liabilities & Equity 1,031,795 $ 843,745 Parks Trading Corporation Income Statement For the Fiscal Year Ended March 31, 2021 Parks Trading Corporation Statement of Retained Earnings For the Fiscal Year Ended March 31, 2021 $ 1,280,000 (657,000 623,000 Beginning Retained Earnings March 31, 2020 $ $ 138.000 Net Income 120,530 Net Sales (all sales on account) Costs of Goods Sold Gross Margin Expenses Salaries Expense Rent Expense Repairs and Maintenance Supplies Expense Office Expense income Tax Expense Total Expenses Subtotal 258,530 350,000 36.000 4,570 1,200 45,600 65.190 SO2,470 Dividends (36,185) Ending Retained Earnings March 31, 2021 222.345 Net Income 5 120 530 Additional Information: 1. All depreciation expense is included in Costs of Goods Sold. 2. In 2021 The Company sold for $15,315 in cash some equipment which originally cost $17,250. The Accumulated Depreciation of this equipment was $750 at the time of sale. 14. Calculate the Current Ratio for 2021. 5046 15. Calculate the Current Ratio for 2020. 16. Did The Company's current ratio improve or decline in 2021 from 2020? 17. Calculate Working Capital for 2021. 18. Calculate Working Capital for 2020. 19. Did The Company's Working Capital improve or decline in 2021 from 2020? 20. Calculate the Accounts Receivable Turnover for 2021. 21. Calculate the average collection period (Days in A/R) for 2021. 22. Calculate the Inventory Turnover for 2021. 23. Calculate the average sales period (days in Inventory) for 2021. 24. Calculate the Operating Cycle for 2021. 25. Calculate Return on Assets for 2021 (ignore tax rates). 26. Calculate Return on Owner's Equity for 2021 (ignore tax rates). 27. Prepare and present properly formatted "Common Size" comparative Balance Sheets for March 31, 2021 and March 31, 2020. 28. Prepare and present a property formatted "Common Size" Income Statement for the Fiscal Year Ended March 31, 2021. 29. Prepare and present a properly formatted Statement of Cash Flow for the Fiscal Year Ended March 31, 2021

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