84 Project wit Hati Analysis Credits Debits 56,996 9,512 1,260 20,390 650 TRIIN JUUUUUUUUUUUUUUUUUUUUUUU 320 30,550 12,250 1,780 62,128 400 275 2,200 12,000 46,200 300 Fido's Food Mart Adjusted Trials Adjusted Trial Balance December 31, 20XX Account Title Cash Accounts Receivable Less: Allowance for Doubtful Accounts Inventory Supplies Prepaid Insurance Equipment Vehicle Less: Accumulated Depreciation - Equipment and Vehicle Accounts Payable Interest Payable Uncamed Revenue (Gift Cards) Dividends Payable Bonds Payable (mature 12/31/XX) Common Stock (200 shares @ $210/share) Additional Paid In Capital - Common Stock Dividends Declared Treasury Stock Retained Earnings Sales Revenue Less: Sales Discount Cost of Goods Sold Operating Expenses Bad Debt Expense Bank Charges Depreciation Expense Insurance Expense Interest Expense Rent Expense Supplies Expense Wages Expense Totals 2,200 1,125 134,725 40 64,330 34,840 3,260 1,780 160 400 5,750 1,200 15,500 261,268 261,268 Ratio Project Delighted by their apparents y their apparent succes understood what was going on in their asked for the following ratios to be computed and op idols Food Mart wanted anted to ensure that they really in their accountant and their organization. They sat down with their ac to be computed and explained: Required: chce to provide suggestions to move the ratio in a better direction. ature of this as it applies to Fido's Food Mart. Reference the Financial Statements from Project No. 11 1. Debt-to-Assets Ratio (Solvency Ratio) a. Compute the ratio. Be sure to include a label, if it applies. b. Write a full sentence to explain the c. Write a full sentence to provide suggestion 2. Quick Ratio (Liquidity Ratio) a. Compute the ratio. Be sure to include a label, if it applies. b. Write a full sentence to explain the nature of the a sentence to explain the nature of this as it applies to Fido's Food c. Write a full sentence to provide suggestions to move the ta sentence to provide suggestions to move the ratio in a better direction. 3. Gross Profit Percentage (Profitability Ratio) a. Compute the ratio. Be sure to include a label, if it applies. b. Write a full sentence to explain the nature of this as it applies to Fidos ro c. Write a full sentence to provide suggestions to move the ratio in a 4. Net Profit Margin (Profitability Ratio) a. Compute the ratio. Be sure to include a label, if it applies. b. Write a full sentence to explain the nature of this as it applies to Fido's Food Mart. c. Write a full sentence to provide suggestions to move the ratio in a better direction tovide suggestions to move the ratio in a better direction. Solvency Ratio YoRi Photolife/Shutterstock.com Liquidity Ratio Profitability Ratios