3 2020 Cash 25,000 Accounts receivable 64,000 Inventory 206,000 Accounts payable 30,000 Capital 100,000 Retained earnings 160,000 Year Sales revenue 770,000 1 Cost of goods sold 620,000 Net income 150,000 Please calculate (1)current ratio at 2020/12/31 (2)quick ratio at 2020/12/31 (3)ROE (return of equity) for 2020 4 On January 1, 2022, Intel purchased 80% outstanding shares of Nova Co. by using $4,800. By the time, book value of net worth was $6,000, market value was $6,000. After one year, on December 31, 2022, the trial balance for 2 companies are listed as follows: Intel Nova Acc Cr Dr Cr Dr 9,500 Cash 5,000 Inventory 12,000 Investment-equity method 4,800 Accounts payable 6,500 Capital 5,000 3,000 Retained earnings 2,800 3,000 Sales 20,000 15,000 Cost & Expenses 8,000 Please prepare Intel consolidated trial balance for 2022. 2019 12,000 85,000 140,000 27,000 100,000 110,000 8,000 8,000 1 On January 1, 2021, Dell Computer has following balance of accounts: Cash $92,000, inventory $80,000 (80 sets of computers), office equipment 280,000, which can be used for 5 years without residual value, accumulated depreciation $56,000, accounts payable $96,000, Capital $100,000, retained earnings $200,000. Mar 15 Purchased 100 sets of computers for $110,000 on accounts from suppliers. Sold 150 sets of computers for $300,000 on accounts. June 6 Aug 12 Paid cash 100,000 to suppliers, and collected cash 200,000 from customers. Paid cash dividend $42,000 to shareholders. Oct 20 Dec 31 Physical counting of computers yielded 30 sets on hand. Please journalize the transactions and make TRIAL BALANCE for 2021. NO NEED to prepare the income statement and balance sheet. 2 Follows are statement of financial condition of Disney Co. for Dec 31, 2019 and 2020 2020 2019 Cash 130,000 85,000 Accounts receivable (net) 295,000 170,000 Plant Assets 790,000 700,000 Accumulated Depreciation (96,000) (95,000) Accounts payable 260,000 312,000 Shares capital 600,000 400,000 Retained Earnings 259,000 148,000 (1) Depreciation expense $10,000, bad debt expense $8,000 Purchased plant assets by cash $150,000 (3) Sold plant assets for cash $60,000, the carrying value was $51,000. (means the gain=9,000) Issued ordinary shares for cash $200,000. (4) (5) Net income for 2020 was $220,000, cash dividend distributed $109,000 Please calculate a. Cash flow from operating activities b. Cash flow from investment activities c. Cash flow from financial activities. [List the computation process]