Format Painter Clipboard Font Alignment 113 A Go to the tab for the problem you select and ans The Problem appears in the tab for each question too Return the Excel file to HCT when completed Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 {S millions). 3 3 $ 6.376.3 7.891.1 12180 15,639.7 7.357.1 1 $1,555.0 Long-term liabilities, end of year. 192.6 Stockholders' equity. end of year (2776) Cash from operating activities 4,521.0 Total assels, beginning of year. 7.410.1 Revenge. (914.6) Total expenses other than cost of product sold 6,3502 Dividends paid Current assets, end of year Cash, end of year. Cash from investing activities. Cost of product sold Total liabilities, end of year. Cash from financing activities Stockholders' equity, beginning of vear 1997.5 350.3 ES 26 Cash from inascing activities iludes the decision exchange rate fiucluators. 28 29 30 Required a. Prepare the income Salement for the year wledpril 30. 2018 1. Prepare the balance shodol Amil 30, 2018. 31 32 d. Compute ROA c. Compute profit mein BNE | Computer et lumover (AT * Comput, ROE 34 All six questions-Instructions Ans Ans #2 ans = Ans 4 Ans 5 Ans 56 Ready 0 Type here to search 30 C D 32 33 c. d. Compute ROA. e. Compute profit margin (PM). f. Compute asset tumovet (AT). & Compute ROE. 34 35 36 37 Apr. 1 39 43 44 45 Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Roalstone contributed $11.500 cash to the business in exchange for common stock Paid $6.100 cash for the purchase of a used truck. 2 Purchased $6,200 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. 3 Paid $2.880 cast for a two-year for 24-month) premium toward liability insurance. 5 Purchased $1.200 of supplies on credit. Received an advance of $1.800 cash from a customer for roof repairs to be done during April and May. . 12 Billed customers 55.500 for roofing services perfomed. 18 Collected $4.000 cash from customers toward their accounts billed on April 12. Paid 5675 cash for inck fuel used in April. Paid 100 cash for April newspaper advertising. Paid S S00 cash torasidants tages earned. Billed customers 54.000 for roofing services performed. Required 4. Set up T accounts for the following accounts: cash, accounts receivable, supplies, prepaid insurance, trucks, accumulated depreciation=trucks equipment, accumulated depreciation - equipment, ac- counts payable, unearned roofing fees. common stock. Dofing fees eamed. fuel expense, advertising expense, wages expense. insurance expense, supplies expense, depreciation expense-trucks, and depreciation expense equipment. Record these transactions for Apnlasing jeumal entries. 48 49 51 52 53 54 nimi in un no 00 Compute and Interpret Solvency Ratios Selale balance sheet and income statement information from TWDC Enterprises from its 2018 Form 10-K follows, 2018 2017 $ 4.150 $ 4,017 EEEEE 16.825 8.633 15 889 19.595 E 45, 706 S millions Cas and equivalents.. Short term nvestments Accounts receivable Curerasts Currentes Totes Total Camings belo e interest and lax (EBIT) Interest coense. gross Womento Compute the following measures for both can Veasure Current le Quiktio Tog internet eared Louny 14 804 In hichear dees the company appear more liquid lo which sear does the company appear mard valent? A Includes redemmable noncontrolling Internet B 2018 a. Compute the following measures for both years. Measure 1. Cument ratio 2 Quick ratio Times interesi camad 4. Liabilities-to-equity 2017 2018 ). In which year does the company appear more liquid? c. In which year does the company appear more solvent? Applying and Analyzing Inventory Costing Methods At the beginning of the current period, Clen carned 1.000 units of its pruduct with a unit cost of 532. A sunmmary of purchases during the current period follows. Also during the current priod, Chen sold 2.800 uuts 4 Unit Cost Beginning inventory Purchases 21. 1.000 200 $32.000 G1 200 30,400 #9 200 100 Asinde that museum in in first-out med Compute both can of xxx uld for the current pend)and the endine very blanco lactuc tumalon satement elects template to record cov al games vold for the parin 5. Asume that Chentives the Lexin, Virtuvu na kumpute inocer llora of was sold for the current penad and is ending intenton tuluke. Assume that can 143 tray want method, waar onth brod now for the current period and the ending inventeuy bue