2. [8 pts. Trevor's company accounts' information for 2019 is as follows: near-cash is $500, the amount of money that customers currently owe to the company for goods that were purchased on credit is $16,200. Inventories are worth $40,000, ac- cumulated depreciation is 15 % of total fixed assets. The firm also has reported the holding of a treasury bond with maturity of 6 months with value of 2008. Accounts payable and short-term bank notes are $69,000. Lands, buildings and equipment were valued $126,000. 12-Year Debt is $22,950, common stock is S26,000 and re- tained earnings is $26,498. Gross profit is $64,000. Fixed cash operating expenses, variable operating expenses and depreciation spectively. Interest expenses are regarding stock, the paid in capital in excess of par is $19,152. On the other hand, the cost of goods sold is a third as much as sales. Finally, the preferred stock dividend rate is 2% for a face-value stock value of 400$. are $21,000, $16,000 and $15,000 re- $6,000 and tax percentage is 50%. Additionally, (a) Construct the balance-sheet statement for this company. (b) Construct the income statement for this company (c) Construct the retained earning statement for this company 3. 6 ptsl. Based on information and results on above question 2, evaluate Trevor's financial position. (Memo) Industrial averages: current ratio 1.80; acid-test ratio 0.70; Average collection period 37; Inventory turnover 2.50; debt ratio 80%; times interest earned 3.80; operating profit margin 10 %; ROE 9.5%; ROA 11.4% 2. [8 pts. Trevor's company accounts' information for 2019 is as follows: near-cash is $500, the amount of money that customers currently owe to the company for goods that were purchased on credit is $16,200. Inventories are worth $40,000, ac- cumulated depreciation is 15 % of total fixed assets. The firm also has reported the holding of a treasury bond with maturity of 6 months with value of 2008. Accounts payable and short-term bank notes are $69,000. Lands, buildings and equipment were valued $126,000. 12-Year Debt is $22,950, common stock is S26,000 and re- tained earnings is $26,498. Gross profit is $64,000. Fixed cash operating expenses, variable operating expenses and depreciation spectively. Interest expenses are regarding stock, the paid in capital in excess of par is $19,152. On the other hand, the cost of goods sold is a third as much as sales. Finally, the preferred stock dividend rate is 2% for a face-value stock value of 400$. are $21,000, $16,000 and $15,000 re- $6,000 and tax percentage is 50%. Additionally, (a) Construct the balance-sheet statement for this company. (b) Construct the income statement for this company (c) Construct the retained earning statement for this company 3. 6 ptsl. Based on information and results on above question 2, evaluate Trevor's financial position. (Memo) Industrial averages: current ratio 1.80; acid-test ratio 0.70; Average collection period 37; Inventory turnover 2.50; debt ratio 80%; times interest earned 3.80; operating profit margin 10 %; ROE 9.5%; ROA 11.4%