Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ch. 13_Scrial Prabcm Hola SD 3. Et Sibel 1 Use the following selected data from Rusiress Solutions's income strement for the tree montis exced Warch

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Ch. 13_Scrial Prabcm Hola SD 3. Et Sibel 1 Use the following selected data from Rusiress Solutions's income strement for the tree montis exced Warch 312020. and from its March 31, 2020, balance sheet to complete the requirements Corputar servis ve S 27,400 Hat scoic cod 23,487 Total sales and revenue 90 2:14 ! :* :*3* +1:1: Mali 1) uck asset 89, Current after 95,243 123014. LUTHI lichilli 1.68 Total abilities 1,018 Total couity 122,889 FI Required 1. Computeth-grass margin ratio both with and thoutsorces revencjard notarat magi ratio. 2. Campur the current ratio and aciri-test ratio 3. Complete seberatio and put 4. what percent of its assets are curent? what percentare org term? Complete this question by entering your Anware in the the below. Compare the grozno both with the reviennent les proftram non pour per a la Ath Bani Attur: Bents Peru RP Gwaris Wstruin Reg Ch. 13_Serial Problem 1 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2020, and from its March 31, 2020, balance sheet to complete the requirements. 10 points Computer services revenue $ 27,499 Net sales (of goods) 20,487 Total sales and revenue 47,986 Cost of goods sold 12,634 Net income 19,638 Quick assets 89,644 Current assets 95,248 Total assets 123,896 Current liabilities 1,010 Total liabilities 1,010 Total equity 122,886 Rook Print Rcfare Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Reg 3 Reg 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio Ch 3_Schal Hrabiamo H Hel: SNAD Subh 1 Use the following seedte detalion Business Solutors's income statement or the three months ended March 31, 2020, end for its March 2020 belencello complete the requirements L: ww R$ 2,499 Het sales of goods) 28,487 Total sales and revenue 47,996 Costur COME 12,000 HMI i 14.11 Quick Diset: . 89,644 Cun'ont assets 95,248 Total sesets 123,456 El lisilili Tatal abilities 1,618 Total acuity www Required: 1. Comp.ite the grassregla ratio that with and without services Ouric and not crot margin rata. 2. Comune eram rain and acid-tastratia 3. Comune the centratio and equity ratio 4. What perce it or its essets are Cuent? What perceite e long term? Completa la question by wiering FANNWAR In that hele ab . Compute the door to doon or propean to secima shoe Myz He > CH. 13 Serial Proleri Heip. 1 Use te loludni velele de la ren Buitex Soulionis ille lalelel ur Ure le romlis ertes Merch 31, 2020, en Torrit Mar 31, 2020, balance sheet to complete the regurements. CITHI HII. 27.40 cales of goods) 23,487 TOSS. 5..es and revenue 42.589 43,900 Cext de la " 12. Quick acts 89.644 Current assets 95245 11 AM 2. Current lollities 1.013 Tota: 11:11 1,613 122 305 Required: 1. Compute the ground oth with en iTu services revelend nelinisti 2. Corpule the current and cir-les. Tali 3. Corpuleihe debrau ard equily. 4. Wel de ceilori eses se curen.? Whe, percer long lem? Compilata the question hy hering your new in the thelbin. har TVAY NIYAT TRIMITE ATSA) Ch 3_Schal Hrabiamo H Hel: SNAD Subh 1 Use the following seedte detalion Business Solutors's income statement or the three months ended March 31, 2020, end for its March 2020 belencello complete the requirements L: ww R$ 2,499 Het sales of goods) 28,487 Total sales and revenue 47,996 Costur COME 12,000 HMI i 14.11 Quick Diset: . 89,644 Cun'ont assets 95,248 Total sesets 123,456 El lisilili Tatal abilities 1,618 Total acuity www Required: 1. Comp.ite the grassregla ratio that with and without services Ouric and not crot margin rata. 2. Comune eram rain and acid-tastratia 3. Comune the centratio and equity ratio 4. What perce it or its essets are Cuent? What perceite e long term? Completa la question by wiering FANNWAR In that hele ab . Compute the door to doon or propean to secima shoe Myz He > CH. 13 Serial Proleri Heip. 1 Use te loludni velele de la ren Buitex Soulionis ille lalelel ur Ure le romlis ertes Merch 31, 2020, en Torrit Mar 31, 2020, balance sheet to complete the regurements. CITHI HII. 27.40 cales of goods) 23,487 TOSS. 5..es and revenue 42.589 43,900 Cext de la " 12. Quick acts 89.644 Current assets 95245 11 AM 2. Current lollities 1.013 Tota: 11:11 1,613 122 305 Required: 1. Compute the ground oth with en iTu services revelend nelinisti 2. Corpule the current and cir-les. Tali 3. Corpuleihe debrau ard equily. 4. Wel de ceilori eses se curen.? Whe, percer long lem? Compilata the question hy hering your new in the thelbin. har TVAY NIYAT TRIMITE ATSA)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

GAO Financial Audit Manual Volume 1 Updated April 2020

Authors: United States Government GAO

2020 Edition

B091PR8396, 979-8733135977

More Books

Students also viewed these Accounting questions

Question

Brief the importance of span of control and its concepts.

Answered: 1 week ago

Question

What is meant by decentralisation?

Answered: 1 week ago