Determine what data goes on the balance sheet, the income statement, and the statement of cash flows, then recreate each statement in proper form.

Calculate using financial statements. ALL DATA PROVIDED:

Define what the ratio means and, using the baseline information provided, identify if the ratio is better/worse compared to other firms.

A list of all the ratios to calculate using the financial statements from ABOVE:

\begin{tabular}{|l|r|} \hline Supplies Expense & 500 \\ \hline Interest Expense & 500 \\ \hline Total Long-term Assets & 98000 \\ \hline Total Expenses & 14850 \\ \hline Other Income & 3000 \\ \hline Net Cash Provided/Used in Financing Activities & 109500 \\ \hline Accounts Receivable & 300 \\ \hline Payments on Line of Credit & 10000 \\ \hline Wage Expense & 750 \\ \hline Cash Received from Customers & 51300 \\ \hline Total Current Assets & 73900 \\ \hline Total Revenues & 27800 \\ \hline Net Cash Provided/Used in Operating Activities & 24300 \\ \hline Total Liabilities and Owner's Equity & 171900 \\ \hline Rent Expense & 500 \\ \hline Net Income & 12950 \\ \hline Cash Paid for Income Taxes & 1500 \\ \hline Accrued Expenses & 450 \\ \hline Accumulated Depreciation & 2000 \\ \hline Purchase of Property and Equipment & 101000 \end{tabular}