This Sheet will be used for Requirements 2, 5 and 9
		GENERAL LEDGER
ACCOUNT:		CASH				ACCOUNT	NO. 11
YEAR			POST.			BALANCE
MONTH	DAY	ITEM	REF.	DEBIT	CREDIT	DEBIT	CREDIT
2013	1	Capital		$10,000.00		$10,000.00
	1	Prepaid Rent			$4,500.00	$5,500.00
	2	Prepaid Insurance			$1,800.00	$3,700.00
	4	Unearned Fees		$3,000.00		$6,700.00
	6	Accounts Receivable		$800.00		$7,500.00
	10	Miscellaneous Expense			$120.00	$7,380.00
	12	Accounts Payable			$800.00	$6,580.00
	14	Salary Expense			$400.00	$6,180.00
	17	Fees Earned		$3,175.00		$9,355.00
	18	Supplies			$750.00	$8,605.00
	24	Fees Earned		$1,850.00		$10,455.00
	26	Accounts Receivable		$1,600.00		$12,055.00
	27	Salary Expense			$400.00	$11,655.00
	29	Miscellaneous Expense			$130.00	$11,525.00
	30	Miscellaneous Expense			$200.00	$11,325.00
	30	Fees Earned		$2,050.00		$13,375.00
	30	Owners Drawing			$4,500.00	$8,875.00
ACCOUNT:		ACCOUNTS RECEIVABLE				ACCOUNT	NO. 12
			POST.			BALANCE
DATE		ITEM	REF.	DEBIT	CREDIT	DEBIT	CREDIT
2013
	1	Dustin Larkin Asset		$1,500.00		$1,500.00
	6	Cash Received			$800.00	$700.00

Complete the Following rations for Quixote Consulting used in Unis 2 and 3.
You may use formulas as needed
		Formula		Calculation			Result
		(words)		(numbers)
A. Liquidity Ratios
1. Current Ratio	=		=		=
2. Acid Test Ratio	=		=		=
3. Inventory turnover	=		=		=			times
4. Accounts Receivable turnover	=		=		=			times
B. Solvency Ratios
1. Debt to Total Asset ratio	=		=		=
								%
2. Times-interest-earned ratio	=		=		=
								times
C. Profitability Ratios
1. Profit Margin	=		=		=
								%
2. Asset Turnover	=		=		=
								%
3. Return on Assets	=		=		=
								%