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For each calculate the current ratio, working capital, debt to total assets, profit margin, and a new one you found -- accounts receivable turnover and
For each calculate the current ratio, working capital, debt to total assets, profit margin, and a new one you found -- accounts receivable turnover and accounts receivable turnover in days.
Hill Co. Adjusted trial balance For the period ending January 30, 2022 Credit Debit $ 162,000 355000 36000 15000 5000 3500 1842500 $ 571,000 68000 114000 25000 45000 12500 Cash Accounts receivable Prepaid insurance Prepaid rent expense Prepaid insurance expense Supplies on hand Equipment Accumulated depreciation - equipment Unearned revenue Accounts payable Salaries payable Income tax payable Property taxes payable Bank loan payable - current Bank loan payable - long term Common shares Retained earnings Dividends declared Service revenue Depreciation expense Salaries expense Supplies expense Utilities expense Interest expense Insurance expense Income tax expense Total 85000 413200 25000 374000 55000 1642500 273000 448000 23000 9000 45200 70000 33000 $ 3,375,200 $ 3,375,200 Adjustment Debit Credit Worksheet Unadjusted Debit Credit 162,000 258,000 36,000 1,562,400 48,000 114,000 20,000 21,600 2,370 474,000 25,000 519,000 Cash Accounts Receivable Prepaid Insurance Equipment Unearned Revenue Accounts Payable Salaries Payable Interest Payable Bank Loan Payable Common Shares Retained Earnings Dividend Declared Service Revenue Supplies Expense Salaries Expense Utilities Expense Interest Expense Insurance Expense Income Tax Expense Depreciation Expense (1562400/6*1/12) Accumulated Depreciation Total Adjusted Debit Credit 162,000 258,000 36,000 1,562,400 28,000 114,000 21,600 2.370 474,000 25,000 519,000 55,000 1,437,400 23,000 389,600 9,000 23,370 70,000 33,000 21,700 21,700 2,643,070 2,643,070 55,000 1,417,400 20,000 21,600 23,000 368,000 9,000 21,000 70,000 33,000 2,370 21,700 21,700 65,670 2,597,400 2,597,400 65,670Step by Step Solution
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