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Based on page 6(updated trial balance) please complete pages 10 and 11 COMPREHENSIVE PROJECT, cont. CR (b) BestValue Corporation Updated Trial Balance 12/31/20XX DR Cash

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image text in transcribedBased on page 6(updated trial balance) please complete pages 10 and 11
COMPREHENSIVE PROJECT, cont. CR (b) BestValue Corporation Updated Trial Balance 12/31/20XX DR Cash 3555,00 Accounts Receivable 28.789 Inventory 29,40 Debt Investments 200,000 Land Buildings 215, BSO Equipment 15.120 Allowance for Doubtful Accounts Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Accounts Payable Interest Payable Dividends Payable Unearned Rent Revenue Income Tax Payable Bonds Payable Discount on Bonds Payable 21.083 Common Stock (S2 par) Paid-in Capital in Excess of Par - Common Stock Preferred Stock ($60 par) Paid-in Capital in Excess of Par - Preferred Stock Retained Earnings Treasury Stock 20 CD Cash Dividends 51. Color Sales Revenue Rent Revenue Gain on Sale of Land Bad Debts Expense 1.856 Interest Expense 17,875 Cost of Goods Sold 478,5 Z Depreciation Expense 10,658 Other Operating Expenses 3274 Salaries and Wages Expense 79.632 Income Tax Expense Totals 1717.12 2,877 67,940 29.012 25. 279 112815 32,600 51.0 52,5911 325.000 40.800 79.020 31, 200 44,61 107,904 1760.068 16.300 4,326 1.717.131 (8) Calculating Ratios: Instructions: Using the ratios as found in our textbook, calculate the following for the Best Value Corp, using the numbers you've arrived at in the project. Note: Round answers to 2 decimal places, as needed. All work must be presented! 1. Working Capital: 2. Current Ratio: 3. Return on Stockholders' Equity: (use ending Common Stockholders' Equity, not average. Common Stockholders' Equity does not include par value of preferred stock.) 4. EPS: (assume all shares are already weighted) 10 (8) Calculating Ratios, cont.: Instructions: Using the ratios as found in our textbook, calculate the following for the BestValue Corp. using the numbers you've arrived at in the project. Note: Round answers to 2 decimal places, as needed. All work must be presented! 5. Payout Ratio: 6. Debt to Assets Ratio: 7. Times Interest Earned: 8. Free Cash Flow (after dividends would have been paid): 11

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