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For the same information below. Please help with percents of sales, assets and variances for assets and sales. Also, ratios (profit margin, current ratio, debt
For the same information below. Please help with percents of sales, assets and variances for assets and sales. Also, ratios (profit margin, current ratio, debt to assets and asst turnover. thanks!!
Leondards Landscaping | ||
Income Statement | ||
For the month ended April | ||
Particulars | Amount | Amount |
Service Revenue | $28,200.00 | |
Total Revenue | $28,200.00 | |
Expenses | ||
Cost of Goods Sold | $ 400.00 | |
Insurance | $ 3,600.00 | |
Rent | $ 2,500.00 | |
Advertising | $ 500.00 | |
Utility | $ 700.00 | |
Total Expenses | $ 7,700.00 | |
Net Income after Tax | $20,500.00 | |
Statement of Retained Earnings
Leondards Landscaping | |
Retained Earnings Statement | |
For the month ended April | |
Particulars | Share Capital |
Opening Balance | $ - |
(+) Current Year Profit | $ 20,500.00 |
(-) Dividend Paid | $ -3,000.00 |
Closing Balance | $ 17,500.00 |
BALANCE SHEET
Leondards Landscaping | ||
Balance Sheet | ||
Apr-30 | ||
Statement of Financial Position | ||
Particulars | Amount | Amount |
Current Assets | ||
Bank | $ 55,300.00 | |
Account Receivables | $ 600.00 | |
Inventory | $ 350.00 | $ 56,250.00 |
Fixed Assets | ||
Equipment | $ 15,000.00 | |
$ 15,000.00 | ||
Total Assets | $71,250.00 | |
Current Liabilites | ||
Account Payables | $ 3,750.00 | |
$ 3,750.00 | ||
Owners Equity | ||
Common Stock 5000shares@10 | $ 50,000.00 | |
Retained Earnings | $ 17,500.00 | $ 67,500.00 |
Total Equity and Liabilites | $71,250.00 |
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