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Fill out the Ratios sheet below based on the given data: Ratios sheet: Wayzata Cleaning, Inc. Income Statement For the Month Ended September 30, 2015
Fill out the Ratios sheet below based on the given data:
Ratios sheet:
Wayzata Cleaning, Inc. Income Statement For the Month Ended September 30, 2015 \begin{tabular}{|l|cc|} \hline Service Revenue & $ & 17,000.00 \\ \hline Expenses: & & \\ \hline Utility Expense & $ & 300.00 \\ \hline Advertising Expense & $ & \\ \hline Miscellaneous Expense & $ & \\ \hline Salary Expense & $ & 8,400.00 \\ \hline Rent Expense & $ & 1,500.00 \\ \hline Depreciation Expense & $ & 450.00 \\ \hline Insurance Expense & $ & 100.00 \\ \hline Supplies Expense & $ & 11,250.00 \\ \hline Total Expenses & 5,750.00 \\ \hline Net Income & 5 \\ \hline \end{tabular} Wayzata Cleaning, Inc. Statement of Retained Earnings For the Month Ended September 30, 2015 \begin{tabular}{|l|cc|} \hline Beginning Retained Earnings & $ & (850.00) \\ \hline Net Income & $ & 5,750.00 \\ \hline Total & $ & 4,900.00 \\ \hline Dividends & $ & 1,000.00 \\ \hline Ending Retained Earnings & $ & 3,900.00 \\ \hline \end{tabular} Weighted average common stock outstanding 69,000.00 Wayzata Cleaning, Inc. Income Statement For the Month Ended September 30, 2015 \begin{tabular}{|l|cc|} \hline Service Revenue & $ & 17,000.00 \\ \hline Expenses: & & \\ \hline Utility Expense & $ & 300.00 \\ \hline Advertising Expense & $ & \\ \hline Miscellaneous Expense & $ & \\ \hline Salary Expense & $ & 8,400.00 \\ \hline Rent Expense & $ & 1,500.00 \\ \hline Depreciation Expense & $ & 450.00 \\ \hline Insurance Expense & $ & 100.00 \\ \hline Supplies Expense & $ & 11,250.00 \\ \hline Total Expenses & 5,750.00 \\ \hline Net Income & 5 \\ \hline \end{tabular} Wayzata Cleaning, Inc. Statement of Retained Earnings For the Month Ended September 30, 2015 \begin{tabular}{|l|cc|} \hline Beginning Retained Earnings & $ & (850.00) \\ \hline Net Income & $ & 5,750.00 \\ \hline Total & $ & 4,900.00 \\ \hline Dividends & $ & 1,000.00 \\ \hline Ending Retained Earnings & $ & 3,900.00 \\ \hline \end{tabular} Weighted average common stock outstanding 69,000.00Step by Step Solution
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