Question
Balance Sheet Assets: 2021 2022 Cash $10,000 $20,000 Accounts Receivable $12,000 $15,000 Inventory $20,000 $25,000 Property, Plant, and Equipment $130,000 $150,000 Less: Accumulated Depreciation ($24,000)
| Balance Sheet | ||
| Assets: | 2021 | 2022 |
| Cash | $10,000 | $20,000 |
| Accounts Receivable | $12,000 | $15,000 |
| Inventory | $20,000 | $25,000 |
| Property, Plant, and Equipment | $130,000 | $150,000 |
| Less: Accumulated Depreciation | ($24,000) | ($30,000) |
| Total Assets | $148,000 | $180,000 |
| Liabilities and Equity: |
|
|
| Accounts Payable | $8,000 | $10,000 |
| Notes Payable | $30,000 | $40,000 |
| Long-term Debt | $90,000 | $100,000 |
| Total Liabilities | $128,000 | $150,000 |
| Common Stock | $20,000 | $20,000 |
| Retained Earnings | $10,000 | $20,000 |
| Total Equity | $30,000 | $40,000 |
| Total Liabilities and Equity | $148,000 | $180,000 |
a. Create a statement of Cash Flow b. Calculate Dividends per Share (DPS) using the retained earnings method for 2022 c. Calculate Debt-to-Equity Ratio d. Calcualte Gross Margin Ratio
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