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1. Based on the following information, prepare the cash flow statement 2. Based on the accompanying 2020 information, calculate the current ratio, working capital, accounts

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1. Based on the following information, prepare the cash flow statement 2. Based on the accompanying 2020 information, calculate the current ratio, working capital, accounts receivable turnover, gross profit percentage, debt ratio and debt to equity ratio. 3. Based on the accompanying information, perform vertical analysis on 2020 on the income statement. Total Assets Liabilities: Accounts Payable Salaries Payable Bonds Payable Total Liabilities \begin{tabular}{lll} $168,000 & $171,000 \\ \hline \end{tabular} $(3,000) Equity: Common Stock Retained Earnings Total Equity \begin{tabular}{rr} 500 & 500 \\ 37,500 & 41,500 \\ \hline 38,000 & 42,000 \\ \hline \end{tabular} (4,000)(4,000) Total Liabilities and Stockholder's Equity (3,000) Revenues Expenses: Cost of Goods Sold Salaries Depreciation Expense - Vehicles Depreciation Expense - Equipment Rent Expense Gain on Sale of Vehicle Loss on Sale of Equipment Net Income Assets: Cash Accounts Receivable Inventory Equipment Accum. Depr - Equipment Vehicles Accum. Depr - Vehicles Total Assets $175,000 \begin{tabular}{cc} & (95,000) \\ & (28,000) \\ & (6,000) \\ & (3,000) \\ & (7,000) \\ I2,000 \\ & (4,000) \\ \hline$34,000 \\ \hline \end{tabular} \begin{tabular}{cc} & 2020 \\ \hline$ & 82,000 \\ & 52,000 \\ & 28,000 \\ & 38,000 \\ & (28,000) \\ & 30,000 \\ & (34,000) \\ \hline$ & 168,000 \\ \hline \end{tabular} Change \begin{tabular}{cc} \hline$ & 14,000 \\ & 4,000 \\ & (1,000) \\ & (30,000) \\ & 22,000 \\ & (42,000) \\ & 30,000 \\ \hline$ & (3,000) \\ \hline \end{tabular}

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