Complete the following ratios

The trial balance of the Parton Wholesale Company contained the following accounts at December 31, 2017 the end of the companys calendar year.

PARTON WHOLESALE COMPANY Trial Balance 31-Dec-17 Debit Credit $34,400 36,600 62,400 92,000 197,000 Cash Accounts Receivable Merchandise Inventory (Beginning) Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Sales Discounts Purchases Purchase Discounts Freight-in Salaries Expense Utilities Expense Repair Expense Gas and Oil Expense Insurance Expense $ 54,000 83,500 42,400 50,000 37,500 200,000 67,800 10,000 886,100 4,600 725,100 16,000 12,400 69,800 9,400 5,900 7,200 3,500 353,800 353,800 Adjustment data: 1. Depreciation is S10,000 on buildings and S9,000 on equipment. (Both are administrative expenses.) 2. Interest of $7,000 is unpaid on notes payable at December 3 Other data: 1. 2. 3. 4. 5. 6. 7. Merchandise inventory on hand at December 31, 2017 is $90,000. Salaries are 80% selling and 20% administrative. Utilities expense, repair expense, and insurance expense are 100% administrative $15,000 of the notes payable are payable next year. Gas and oil expense is a selling expense. The beginning balance of accounts receivable is S34,750. The amount of total assets at the beginning of the year is $469,225. 45 46 47 10 Return on Assets = Net Income Average Total Assets 49 50 51 52 53 54 Asset Turnover Ratio Sales Revenue Average Total Assets 56 57 58 59 ATA = 469.225+Total Assets 61 63