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37. Please use graphs and info fir last questions. Bobby Leeman Income Statement for the begin{tabular}{|l|r|r|} hline multicolumn{2}{|c|}{ year ended 30 June 2022 ($) }
37. Please use graphs and info fir last questions.
Bobby Leeman Income Statement for the \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ year ended 30 June 2022 (\$) } \\ \hline Sales revenues (net) & & 50,000 \\ \hline Cost of goods sold & & (25,000) \\ \hline Gross profit & & 25,000 \\ \hline Expenses & & \\ \hline Selling expenses & 6,000 & \\ \hline General administrative & 3,500 & \\ \hline expenses & & \\ \hline Interest expenses & 500 & \\ \hline Total expenses & & (10,000) \\ \hline Net income & & 15,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ Liabilities } \\ \hline Current liabilities & & \\ \hline Accounts payable & 20,000 & \\ \hline Salaries payable & 5,000 & \\ \hline Total current liabilities & & 25,000 \\ \hline Non-current liabilities & & \\ \hline Bank loan & 5,000 & \\ \hline Total non-current & & 5,000 \\ \hline liabilities & & \\ \hline Total liabilities & & 30,000 \\ \hline \multicolumn{2}{|c|}{ Owner's Equity } \\ \hline Bobby Leeman, capital & & 20,000 \\ \hline Total liabilities and owner's equity & 50,000 \\ \hline \end{tabular} Additional information: Inventory as at 1 July 2021 was $7,000. Accounts receivable as at 1 July 2021 was $15,000. The amount of total assets did not change during the year. Owner's equity as at 1 July 2021 was $30,000. All sales were made on credit during the year. Input Instruction: When entering amounts, use numbers only - no spaces, no dollar signs, no full stops, no dots, no decimal separators, no symbols, no special characters, e.3., enter $1,000 as 1000. Required: (1) Current ratio as at 30 June 2022 is (2) Debt ratio as at 30 June 2022 is (3) Return on total assets for the year ended 30 June 2022 is (4) Return on owner's equity for the year ended 30 June 2022 is (5) Inventory turnover for the year ended 30 June 2022 is times. (6) Accounts receivable turnover for the year ended 30 June 2022 is Step by Step Solution
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