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Economic Events BBR pays its 4th quarter estimated tax due to the federal government on December 15,2023 . The amount is $400. Record the payment.
Economic Events BBR pays its 4th quarter estimated tax due to the federal government on December 15,2023 . The amount is $400. Record the payment. Questions: Blank 1 - The current ratio was .992 before these two economic events. What is the current ratio after these events? Blank 2 - The profit margin was 6.6% before these economic events. What is the profit margin immediately after these events? Blank 3 - The Debt to Equity ratio was 3.2 before these economic events. What is the debt to equity ratio after these economic event? Points to remember: All of the income statement closes to Retained Earnings. Consider the effect on Retained Earnings to your transactions. Depreciation and amortization (exclusive of depreciation included in cost of sales)
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