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both questions please sorry hope this is clearer pls answer both Consider the following income statement Tigerpaw Cupcakes Income Statement As of December 31, 2018

image text in transcribedboth questions please
image text in transcribedsorry hope this is clearer pls answer both
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Consider the following income statement Tigerpaw Cupcakes Income Statement As of December 31, 2018 $800,000 $150.000 $200.000 Sales Cost of goods sold Salaries Us Postage Mortenst paid Mortgage principal Accumulated depreciation Inace $8.000 $2.000 $20,000 $100.000 $120.000 $5,000 Income taxes Net Income $195.000 $78.000 $117.000 Select the value of the grous margin O 1450.000 ,000 O 400 O 0000 Question 5 pts Select the cost of mods sold in 2011 11 Dese- 5.000 577200 000 100,000 5 110.000 LES 21,000 120.000 14.000 LL 91.00 HO D Il app.hu 5 pts Question 7 Consider the following income statement Tigerpaw Cupcakes Income Statement As of December 31, 2018 Sales $800,000 Cost of goods sold $150.000 Salaries Utilities Postage Mortgage interest pald Mortgage principal pald Accumulated depreciation Insurance $200,000 $8,000 $2,000 $20,000 $100.000 $120,000 $5,000 Taxable income $195.000 Income taxes $78.000 Net Income $117.000 Select the value of the gross margin. O $450,000 O S40.000 O $650.000 05440.000 Select the cost of goods sold in 2018 Balance Sheet 5 pts Cash Accounts receivable, net Inventory Plant and equipment, net Total assets Current liabilities Loans Total liabilities Common stock Retained earnings Total stockholders' equity 31-Dec-18 31-Dec-17 $ 96,000 $ 72,000 $ 96,000 $ 168,000 $ 540,000 Income Statement For the Year Ended December 31, 2018 Sales $1,080,000 Cost of goods sold Operating expenses $ 330,000 Depreciation $ 21,000 Interest paid $ 27,000 Taxable income Income taxes (25%) Net income $ 270,000 $ 720,000 420,000 Current ratio Quick (acid-test) ratio Debt-to-equity ratio 2.4 1.12 0.875 4 O $540,000 Gross margin Inventory turn over O $750,000 O $350.000 $ 540,000 6 O $520,000

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