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4. Compute the net profit margin ratio and the return on equity. (Round the final answers to the nearest whole number) 5. Prepare the closing
4. Compute the net profit margin ratio and the return on equity. (Round the final answers to the nearest whole number) 5. Prepare the closing entries at March 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Juan Real Estate Company (organized as a corporation on April 1, 2013) has completed the accounting cycle for the year ended March 31, 2024. Juan has also completed a correct trial balance as follows: Assuming a 30 percent tax rate. Required: 1. Prepare a statement of earnings for the fiscal year ended March 31, 2024. (Round "Earnings per share" to 2 decimal places.) 5. Prepare the closing entries at March 31,2024 . (If no entry is required for a transaction/event, select "No journal entry required" in he first account field.) Journal entry worksheet Record entry to close expense and tax accounts. Note: Enter debits before credits. Assuming a 30 percent tax rate. Required: 1. Prepare a statement of earnings for the fiscal year ended March 31, 2024. (Round "Earnings per share" to 2 decimal places.) . Prepare the closing entries at March 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in he first account field.) Journal entry worksheet Record entry to close dividends declared and retained earnings accounts. Note: Enter debits before credits. 3. Prepare a classified statement of financial position at March 31, 2024. 2. Prepare the journal entry to record income taxes for the year (not yet paid). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. 5. Prepare the closing entries at March 31,2024 . (If no entry is required for a transaction/event, select "No journal entry required" in he first account field.) Journal entry worksheet 4 Note: Enter debits before credits. 5. Prepare the closing entries at March 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in he first account field.) Journal entry worksheet Record entry to transfer income or loss to retained earnings. Note: Enter debits before credits
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