Prepare Income Statement and Balance Sheet in the Year 2021. (B) Analyze Income Statement and Balance...

 

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Prepare Income Statement and Balance Sheet in the Year 2021. (B) Analyze Income Statement and Balance Sheet in the Year 2021 Vertically. (C) Compute Financial Ratios: (1) ROE, (2) ROA, (3) Average Collection Period, (4) Debt to Asset, (5) Debt to Equity, (6) Time Interest Earned, (7) Total Assets Turnover, (8) Operating Profit Margin, (9) Return On Common Equity (ROCE). (10) Net Working Capital Ratio, (11) Quick Ratio, (12) Current Ratio. Cash Utility Expense Common Stock Supplies Interest Expense Bonds Payable Salaries Expense Inventories Income Tax Rate $5,000 $8,000 $45,000 $4,000 $5,000 $40,000 $16,000 $44,500 35% Sales Buildings Accounts Payable Cost of Goods Sold Additional Paid in Capital Supplies Expense Accounts Receivable Retained Earnings $100,000 $65,000 $12,000 $58,000 $20,000 $3,000 $10,000 $5,000 (beg. bal.) Prepare Income Statement and Balance Sheet in the Year 2021. (B) Analyze Income Statement and Balance Sheet in the Year 2021 Vertically. (C) Compute Financial Ratios: (1) ROE, (2) ROA, (3) Average Collection Period, (4) Debt to Asset, (5) Debt to Equity, (6) Time Interest Earned, (7) Total Assets Turnover, (8) Operating Profit Margin, (9) Return On Common Equity (ROCE). (10) Net Working Capital Ratio, (11) Quick Ratio, (12) Current Ratio. Cash Utility Expense Common Stock Supplies Interest Expense Bonds Payable Salaries Expense Inventories Income Tax Rate $5,000 $8,000 $45,000 $4,000 $5,000 $40,000 $16,000 $44,500 35% Sales Buildings Accounts Payable Cost of Goods Sold Additional Paid in Capital Supplies Expense Accounts Receivable Retained Earnings $100,000 $65,000 $12,000 $58,000 $20,000 $3,000 $10,000 $5,000 (beg. bal.)

Answer rating: 100% (QA)

A Income Statement for the Year 2021 Sales 100000 Cost of Goods Sold 58000 Gross Profit 42000 Operating Expenses Utility Expense 8000 Supplies Expense ... View the full answer