Refer to the financial statements and calcolate ration below for each of the following categories for...
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Refer to the financial statements and calcolate ration below for each of the following categories for the current year (show all calculations and note instructor will provide additional data requiredy 1. Liquidity Current Ratio 2. Activity. Average Collection Period Total Asset Turnover 3. Debt Debt Ratio Times Interest Earned 4. Profitability Net Profit Margin (NPM) Return of Assets (ROA) Return on Equity (ROE) Earnings Per Share (EPS) 5. Market Ratios Price/Earning (PE) Ratio FINANCIAL STATEMENTS Use the balances from the trial balance to prepare (1) an income statement (multi-step) for Deana's Decorators for the year ended December 31 of the current year and (2) a balance sheet (classified) as of December 31 of the current year (2018). Deana's Decorators Income Statement For the year ended December 31, 2018 Decorating Interest Supplies Rent Revenue Revenue Less: Expenses Wage Expense Utilities Expense Telephone Expense Expense Expense Insurance Expense Depreciation Expense Interest Expense Income Tax Expense Net Income Add: Net Income Less: Bividends Retained Earnings 120,400 1200 121,600 (32,000) (1000) (500) (1000) (4000) (3500) (2000) (3000) (26110) 48.490 11 (750) 47,740 Refer to the financial statements and calcolate ration below for each of the following categories for the current year (show all calculations and note instructor will provide additional data requiredy 1. Liquidity Current Ratio 2. Activity. Average Collection Period Total Asset Turnover 3. Debt Debt Ratio Times Interest Earned 4. Profitability Net Profit Margin (NPM) Return of Assets (ROA) Return on Equity (ROE) Earnings Per Share (EPS) 5. Market Ratios Price/Earning (PE) Ratio FINANCIAL STATEMENTS Use the balances from the trial balance to prepare (1) an income statement (multi-step) for Deana's Decorators for the year ended December 31 of the current year and (2) a balance sheet (classified) as of December 31 of the current year (2018). Deana's Decorators Income Statement For the year ended December 31, 2018 Decorating Interest Supplies Rent Revenue Revenue Less: Expenses Wage Expense Utilities Expense Telephone Expense Expense Expense Insurance Expense Depreciation Expense Interest Expense Income Tax Expense Net Income Add: Net Income Less: Bividends Retained Earnings 120,400 1200 121,600 (32,000) (1000) (500) (1000) (4000) (3500) (2000) (3000) (26110) 48.490 11 (750) 47,740
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Posted Date:
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