Calculate acid test ratio

calculate profit margin

discuss any issues of concern about the inventory account and its impact on the financial statement

please help!! quickly! will upvote

cr Trial Balance Adjustments Adj. Trial Balance Income Statement Balance Sheet Account names Dr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 75,048.00 75,048 75,048 Accounts Recievable 5,400 5,400 5,400 Supplies 3,400 1,750 1,650 1,650 Furniture & Fixtures 225,760 225,760 225,760 Notes Recievable-Current 20,000 20,000 20,000 Prepaid Rent 78,000 63,700 14,300 14,300 2 Merchandise Inventory 176,000 74,650 101,350 101,850 3 Intrest Receivabe 450 450 450 4 Accumulated Depreciation 18,700 8,170 26,870 26,870 S Accounts Payabe 2,400 2,400 2,400 6 Notes Payable-Long Term 8,000 8,000 8,000 7 Unearned Service Revenue 17,000 9,320 7,680 7,680 #8 Salaries Payable 8,750 8,750 8,750 19 Intrest Payable 1,513 1,513 1,513 20 Dividends Payable 25,000 25,000 25,000 21 Dividends 30,300 25,000 55,300 55,300 22 Capital Stock 412,000 412,000 412,000 23 Retained Earnings 56,000 56,000 56,000 24 Intrest Revenue 450 450 900 900 + 25 Sales Revenue 922, 101 9320 931,421 931,421 26 Sales Discounts 22,650 22,650 22,650 27 Sales Returns & Allowances 3,400 3,400 3,400 28 Cost of Goods Sold 500,000 74,650 574,650 574,650 29 Depreciation Expense 14,300 8,170 22,470 22,470 30 Freight in 15,789 15,789 15,789 31 Intrest Expense 1,237 1,513 2,750 2,750 32 Rent Expense 88,700 63,700 152,400 152,400 33 Salaries Expense 170,000 8,750 178,750 178,750 34 Supplies Expense 2,300 1,750 4,050 4,050 35 Utilities Expense 4,367 4,367 4,367 36 Totals 1,436,651 1,436,651 193,303 193,303 1,480,534 1,480,534 981,276 932,321 499,258 548,213 37 Profit/ Loss -48,955 -48,955 38 Revised Totals 981,276 981,276 548,213 548,213 20