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5 8 5 Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual
5 8 5 Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 3 Accounts Receivable Supplies 12 Land Equipment 52 Accumulated Depreciation $6 Software 22 Accumulated Amortization Accounts Payable Notes Payable (short-term) Splaries and Wages Payable Ikterest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals $94 8 0 0 $94 9-a. How much net income did H & H Tool, Inc., generate during 2018? What was its net profit margin? 9-b. Is the company financed primarily by liabilities or stockholders' equity? 9-c. What is its current ratio? Complete this question by entering your answers in the tabs below. Reg 9A Reg 90 Req9c How much net income did H & H Tool, Inc., generate during 2018? What was its net profit margin? (Enter "Net Income in thousands of dollars. Round "Net Profit Margin" to 1 decimal place) Net Income Net Profit Margin Complete this question by entering you Req 9A Req 9B Reg 9c Is the company financed primarily by liabiliti Stockholders' Equity OLiabilities Complete this question by entering your answers In the tabs Req 9A Req 9B Req 9C What is its current ratio? (Enter your answers in thousands of dollars Current Ratio Numerator Denominator 11 =
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