Question: this is one question with its parts please answer all. Using the below account balances for Charlotte Corp., and in this order: A - Prepare

| this is one question with its parts please answer all. | ||
| Using the below account balances for Charlotte Corp., and in this order: | ||
| A - Prepare an Income Statement for the Year Ended Dec. 31, 2021 in proper format using Excel. | ||
| B - Calculate the ending retained earnings balance as of 12/31/21 (beginning retained earnings is given). | ||
| C - Prepare the Balance Sheet as of December 31, 2021 AND 2020 in good format using Excel. | ||
| Accounts Payable | ||
| Accounts Receivable, net of uncollectible accounts | ||
| Additional Paid-in Capital | ||
| Automobiles | ||
| Building Improvements | ||
| Buildings | ||
| Cash | ||
| COGS | ||
Common Stock $1 par, 400,000 shs authorized, 30,000 shs issued, 25,000 shs outstanding | ||
| Computer Equipment | ||
| Conferences & Travel Expense | ||
| Depreciation & Amortization Expense | ||
| Dividends Paid | ||
| General & Administrative Expense | ||
| Goodwill | ||
| Income Tax Expense | ||
| Insurance Expense | ||
| Interest Expense | ||
| Interest Income | ||
| Interest Payable | ||
| Land | ||
| Accumulated Amortization | ||
| Accumulated Depreciation | ||
| Long-Term Bonds Payable | ||
| Long-Term Note Payable | ||
| Merchandise Inventory | ||
| Net Sales | ||
| Patents | ||
| Preferred Stock | ||
| Prepaid Insurance | ||
| Production Equipment | ||
| Research & Development Expense | ||
| Retained Earnings | ? (need to calculate) | |
| Selling Expense | ||
| Short-Term Marketable Securities | ||
| Short-term Note Payable | ||
| Trademarks | ||
| Treasury Stock 5,000 shs | ||
| Utilities Expense | ||
| Wages Expense | ||
| Wages Payable | ||
| Once the financial statements are prepared, calculate the following ratios for 12/31/21 (show your work): | ||
| D - Gross Margin Ratio | ||
| E - Current Ratio | ||
| F - Working Capital Ratio | ||
| G - Acid-Test Ratio | ||
| H - Asset Turnover | ||
| I - Inventory Turnover | ||
| J - # Days' Sales in Accounts Receivable | ||
| K - # of Days' Sales in Inventory | ||
| L - ROI | ||
| M - ROE | ||
| N - Earnings per Share | ||
| O - Debt Ratio | ||
| P - Debt/Equity Ratio | ||
| Q - Times Interest Earned | ||
D- Gross Margin Ratio E-Curtent Ratio F- Working Capital Ratio G. Acid-Test Ratio H-Ased Turnover 1- Invenwory Turnover 3-\$ Dayc' Sales in Acceents Reseivatle X E of Days' Sales in Inventory L. ROO MROE N - Earnings per Share O-Dobl Ratio P- Debe Equity Ratio Q- Times lateres Earmed
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