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Cash DENVER TOURS BALANCE SHEET DECEMBER 31, CURRENT YEAR Assets Accounts receivable. Office supplies. Prepaid rent. Buses. Accumulated depreciation: buses Total assets. Liabilities Accounts
Cash DENVER TOURS BALANCE SHEET DECEMBER 31, CURRENT YEAR Assets Accounts receivable. Office supplies. Prepaid rent. Buses. Accumulated depreciation: buses Total assets. Liabilities Accounts payable... Unearned revenue Total liabilities... Stockholders' Equity Capital stock.. $75,100 14.000 1,500 3.400 $ 240,000 (18.000) $322.000 $316.000 $140,200 94.800 $235,000 Retained earnings Total stockholders' equity. Total liabilities and stockholders' equity.. Other information provided by the company is as follows. Total revenue for the year ended December 31, current year. Total expenses for the year ended December 31, current year. Total stockholders' equity, January 1, current year. $ 80,000 1,000 $ 81,000 $316,000 $152.000 148.960 79,000 Compute and discuss briefly the significance of the following measures as they relate to Denver Tour a. Net income percentage in current year. b. Return on equity in current year. C. Working capital on December 31. current year. d. Current ratio on December 31. current year.
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