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1. Second Quiz Company's comparative balance sheets and income statement are presented below, along with additional information. Additional data: Prepaid expenses relate to rent paid

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1. Second Quiz Company's comparative balance sheets and income statement are presented below, along with additional information. Additional data: Prepaid expenses relate to rent paid in advance. Other expenses were paid in cash. Purchased equipment for $350 cash at the beginning of the current year. Issued $800 of common stock for cash during the current year. Recorded $50 of depreciation expense during the current year. Signed a $300 long-term note payable to the bank during the current year. [20 points] On the next page, prepare a cash flow statement for current year. Include a proper heading : and sections for cash flow from operations, cash flow from investing activities and cash flows from fin activities. Use the indirect format for cash flow from operations. a. [ 5 points] Compute the accounts receivable turnover ratio for 2021 and 2020 . Show your work. AR turnover for 2021= AR turnover for 2020= b. [5 points] What amount of accounts receivable was collected in 2021 ? Show your calculations and circle your answer. c. [5 points] How much was the write off of uncollectible accounts in 2021 ? Show your calculations and your answer. 3. The TJX Companies, Inc., which operates the TJ Maxx, Marshalls, and HomeGoods chains, is the leading off-price apparel and home fashions retailer in the U.S. and worldwide. Presented here are selected recent income statement and balance sheet amounts (dollars in thousands). [5 points] Compute average assets for 2022 and 2021. Show the calculations and circle your answer. Average assets 2022 Average assets 2021 [5 points] Compute ROA for the 2022 and 2021. Show the calculations and circle your

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