Credit Debit $ 3 5 12 o 66 $ 6 21 Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals O NOSSO 82 OOOOOO 107 $ 107 Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash. $9. c. Issued additional shares of common stock on April 3 for $29. d. Purchased software on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6, $13. g. Signed a $25 service contract on November 7 to start February 1, 2022. 9-a. How much net income did H & H Tool, Incorporated generate during 2021? What was its net profit margin? 9.b. Is the company financed primarily by liabilities or stockholders' equity? 9.c. What is its current ratio? Complete this question by entering your answers in the tabs below. Rra sa Req 98 Req9C Reg SA How et Income did H & H Tool, Incorporated, generate during 2021? What was its net profit margin? (Enter Net Income" in thousands of dollars. Round "Net Pront Margin" to 1 decimal place.) Net Income Net Profit Margin % Req 9A Req 9B Req 9C Is the company financed primarily by liabilities or stockholders' equity? Stockholders' Equity Liabilities Reg 9A Req 9B Req 90 What is its current ratio? (Enter your answers in thousands of dollars.) Current Ratio Numerator Denominator Credit Debit $ 3 5 12 o 66 $ 6 21 Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals O NOSSO 82 OOOOOO 107 $ 107 Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash. $9. c. Issued additional shares of common stock on April 3 for $29. d. Purchased software on July 4, $10 cash. e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6, $13. g. Signed a $25 service contract on November 7 to start February 1, 2022. 9-a. How much net income did H & H Tool, Incorporated generate during 2021? What was its net profit margin? 9.b. Is the company financed primarily by liabilities or stockholders' equity? 9.c. What is its current ratio? Complete this question by entering your answers in the tabs below. Rra sa Req 98 Req9C Reg SA How et Income did H & H Tool, Incorporated, generate during 2021? What was its net profit margin? (Enter Net Income" in thousands of dollars. Round "Net Pront Margin" to 1 decimal place.) Net Income Net Profit Margin % Req 9A Req 9B Req 9C Is the company financed primarily by liabilities or stockholders' equity? Stockholders' Equity Liabilities Reg 9A Req 9B Req 90 What is its current ratio? (Enter your answers in thousands of dollars.) Current Ratio Numerator Denominator
