Debit Credit Debit 12,000.00 16,000.00 Credit 16,000.00 28,500.00 120,000.00 60,000.00 650,000.00 17,700.00 Accounts payable Accounts Receivable Accumulated Depreciation Medical Equipment Capital Stock (Common Stock outstanding) Cash Dividends Income Tax Payable Inventory Marketable security Medical Equipment Notes Payable Office Supplies Prepaid Rent Retained Earnings Unearned Medical Fees TOTAL 750,000.00 495,000.00 287,200.00 48,000.00 21,000.00 12,800.00 284,000.00 168,000.00 541,00.00 167,000.00 886,000.00 886,000.00 217,000.00 52,300.00 32,500.00 40,000.00 65,000.00 273,250.00 448,750.00 1,833,800.00 1,833,800.00 1,642,700.00 344,000.00 168,180.00 386,820.00 1,642,700.00 2020 2019 Cost of Goods Sold 445,000 220,000 Income Taxes 61,000 48,000 Operating Expenses 102,000 78,000 Income tax as percentage of Net Sales 8% 10% Other information 1. Marketable securities are sold within two months. 2. The outstanding Common Stocks for 2020 and 2019 were 72,000 and 64,000 respectively. 3. The Company Common Stock market price is $18.00 4. The Note payable is due in 24 months 5. The Company uses 360 days as the days in a year, Do not computer retained earnings rather use the retained earnings provided Compute: Round up to two decimal places. 1. Quick Ratio for 2020 2. The net sale for 2020 3. Working Capital for 2020 4. The Gross Profit in dollars and as a percentage of net sales for 2020 5. Debt ratio for 2020 6. Return on asset 2020 7. The 2020 component percentage/Common size for Medical Equipment, unearned Revenue and Net Income 8. Trend percentage: Inventory; Office Supplies and Retained Earnings 9. Price Equity Ratio (PE Ratio) 10. Average number of days to convert Inventory to cash in 2020