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Complete the balance sheet and don't forget to briefly comment on your findings. Comparitive Balance Sheet December 31, 2021 & 2020 Increase (Decrease) (2021 over
Complete the balance sheet and don't forget to briefly comment on your findings.
Comparitive Balance Sheet December 31, 2021 & 2020 Increase (Decrease) (2021 over 2020 Dollars Percentage 2021 2020 $20,000 48,030 53,000 4,210 780 126,020 $9,000 41,200 49,000 4,120 650 103,970 21,000 11,000 ASSETS Current Assets: Cash In Bank Accounts Receivable Merchandise Inventory Store Supplies Prepaid Insurance Total Current Assets Investments: A-Z Technologies, Inc. (stock) Property. Plant & Equipment: Equipment (net) Building (net) Land Total Property, Plant & Equipment Total Assets LIABILITIES Current Liabilities: Notes Payable Accounts Payable Sales Tax Payable Total Current Liabilities Long-Term Liabilities: Mortgage Payable Total Liabilities STOCK HOLDERS EQUITY Common Stock, $90 par, 4,000 shares authorized, 800 shares issued Retained earnings 31,000 110,000 15,000 156,000 303,020 $ 29,000 115,000 15,000 159,000 $ 273,970 $15,000 39,000 1,765 55, 765 14,000 37,900 1,345 53, 245 28,000 83,765 33,000 86,245 72,000 72,000 144,455 114,178 216,455 186, 178 Total Stockholders' Equity Total Liabilities & Stockholders Equity $ 300,220 $ 272,423 Calculate The following ratio's 2020 #VALUE! xx Industry Average 2.01 2021 #VALUE! xx xx 1) Current Ratio Current Assets Current Liabilities XX Comment briefly on your findingsStep by Step Solution
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