Question: Requirement 2 income statement? decimals, etc, but the current ratio must be entered rounded to 2 decimal places per the instructions. If you round to
decimals, etc, but the current ratio must be entered rounded to 2 decimal places per the instructions. If you round to something other than 2 decimals using the correct answer, the sy 2 Compute Pigeon's current ratio (Round the current ratio to two decimal places.) Current assets Current liabilities Current Ratio 65,600 52.600 1.25 After MyLab Accounting has graded your answers, you can see both correct and incorrect answers, Incorrect answers are indicated with a red triangle in the upper right comer. These over the correct answer will show the incorrect answer you entered MyLab Accounting populates the correct answer to prevent you from carrying wrong answers through a whole prob how the correct answers will be displayed when incorrect responses are entered. You do not need to know how to correctly complete the table. Enter anything in the cells below and ch Requirement 2. Prepare the income statement for the year ended March 31, 2022. Click to view the information you will need to complete the income statement) Pigeon Sporting Goods Company Income Statement Data table For the Year Ended March 31, 2022 Thousands Retained earrings Cost of goods sold $ 137,600 Net revenues March 31, 2021 $ 1.900 Cash 1.100 Cost of goods sold Accounts receivablo 26.000 Property and equipment, not 6.000 Net revenues 174.000 Common stock 23.000 Total current labas 52.600 Inventories 32,000 All other expenses 24.000 Long-term abilities 5.900 Other current assets 4.500 Didends Help me solve this Demodocs example Other assets 24 200 0
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
