wages payable 2,987 Given the following accounts with amounts, build the balance sheet, income statement and calculate

 

wages payable                                                     2,987

   

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Given the following accounts with amounts, build the balance sheet, income statement and calculate current ratio, debt ratio, inventory turnover and gross profit margin for both companies. Which company is riskier? Why? (Explain) COMPANY: "HABEMUS" Cash for wages Income tax payable Buildings Retained earnings Materials Bonuses payable (2 years) Certificate of Deposit for 4 months Cost of goods sold Wages Documents receivable (3 years) Long-term investment Land Common stock Automobiles Cash in banks Checking accounts Accounts payable Accounts receivable Accrued depreciation furniture Work in process products Mortgage payable (3 years) Capital Interest payable Sales Wages pavable 56,987 5,987 1,784,455 126,883 89,596 46,987 7,897 456,897 5,230,244 7,998 45,987 245,087 875,995 245,987 20,976 145,987 45,988 23,000 16,799 34,987 23,985 2,000,000 4,987 5,894,897 2.097 Given the following accounts with amounts, build the balance sheet, income statement and calculate current ratio, debt ratio, inventory turnover and gross profit margin for both companies. Which company is riskier? Why? (Explain) COMPANY: "HABEMUS" Cash for wages Income tax payable Buildings Retained earnings Materials Bonuses payable (2 years) Certificate of Deposit for 4 months Cost of goods sold Wages Documents receivable (3 years) Long-term investment Land Common stock Automobiles Cash in banks Checking accounts Accounts payable Accounts receivable Accrued depreciation furniture Work in process products Mortgage payable (3 years) Capital Interest payable Sales Wages pavable 56,987 5,987 1,784,455 126,883 89,596 46,987 7,897 456,897 5,230,244 7,998 45,987 245,087 875,995 245,987 20,976 145,987 45,988 23,000 16,799 34,987 23,985 2,000,000 4,987 5,894,897 2.097

Answer rating: 100% (QA)

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