G H L M A Byte of Accounting, Inc. Income Statement For Year Ending December 31, 2020 Revenues Sales Revenue $ 455,511.00 Cost of Goods Sold S 227,711.00 Gross Profit S 227,800.00 Operating Expenses Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Supplies Expense Insurance Expense Depreciation Expense Bad Debt Expense Telephone Expense Total Operating Expenses alalalalalalalal 32,400.00 111,860.00 4,710.00 14,855,00 2,364.00 267.00 10,971.67 1,384.60 6,020.00 5 184,832 27 Income From Operations Before Interest and Income Taxes 42.96773 Interest Expense $ 8.154 52 Net Income Before Tax $ 34 813.21 Income Tax Expense de tweede 8,703 30 Net Income After Tax S 26,109.91 A Byte of Accounting Balance Sheet As of December 31, 2020 Assets $423,322.70 $26,212.00 1.310.60 3 3 7 8 9 10 15 16 37 18 19 20 21 22 23 24 25 31 32 33 34 35 36 37 3B 39 40 Current Assets Cash Accounts Receivable Allowance for Doubtful Accounts Net Receivable Prepaid Insurance Prepaid Rent Omice Supplies Inventory Total Current Assets 24.901.40 6,141.00 2,700.00 686.00 386.00 $458,13710 $57,428 33 Long-Term Assets Office Equipment $69,900 00 Accum Depr.-Office Equipment 12.471.67 Net Office Equipment Computer Equipment $23,500.00 Accum. Depr-Computer Equipmer 9,400.00 Net Computer Equipment Total Long-Term Assets Total Assets 14 100 00 71,528.33 $529,665 43 Liabilities & 42 43 47 45 49 50 51 12 Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaties Payable Income Taxes Payable Total Current Liabilities $21,52200 7.71500 21.60 1.410.00 8.703.30 $ 39,371.90 54 55 $ 4,320.00 57 Long Term Liabilities Notes Payablo Bond Payable Premium on Bond Payable Net Dond Payable Total Long-Term Liabilities Total Liabilities 8.70362 50 138.703.02 143023.62 5182 395 52 G H K M N 0 P $57 428.33 Long-Term Assets Office Equipment $69,900.00 Accum. Depr.-Office Equipment 12.471.67 Net Office Equipment Computer Equipment $23,500.00 Accum Depr.-Computer Equipmer 9,400.00 Net Computer Equipment Total Long-Term Assets Total Assets 14,100.00 71,528,33 5529 665.43 Liabilities 32 8 9 0 1 Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable Total Current-Liabilities $21522 00 7.715,00 2160 1,410 00 8,703.30 $ 39,371.90 $ 4,320.00 Long-Term Liabilities Notes Payable Bond Payable Premium on Bond Payable Net Bond Payable Total Long-Term Liabilities Total Liabilities 8.703.62 138.703.62 143,023,62 $182 395.52 53 54 55 56 57 58 59 81 62 63 34 65 66 67 68 74 75 76 27 78 Stockholder's Equity Capital Stock 5,100 shares 50.01 par value Paid in Capital in Excess of Par Retained Earnings Total Stockholder's Equity $ 51.00 299,149.00 48 069 91 347,269.91 Total Liabilities and Stockholder's Equity $529,66543 G B D E A Byte of Accounting Ratios For Year Ending December 31, 2020 At the end of the year $2.040.00 was paid in dividends At the end of the year 5.100 shares were outstanding At the end of the year the market price of the stock was $33 70 per share Required: Complete the ratios and the open ended questions and then upload your file to CyberText.com for grading. Round to two decimal places -Round(number,2) 8 Accounts Receivable Turnover Net Sales Net Accounts Receivable 365 days Cash+Short Term Investments Current Receivables Current Liabilities 10 11 Acid Test Ratio 12 13 14 Basic Earnings Per Share 16 17 Book Value Par Common Share TE 19 20 Cunat Ratio 25 Net Income Preferred Dividends Number of Common Shares Outstanding Stockholders' Equity Applicable to Common Shares Number of Common Share Outstanding Current Assets Current Linbiten 22 Days Sales infory Ending inventory 365 days Cost of Goods Sold Days Sales Uncollected Nat Accounts Recewablo 365 days Net Sales Debt Ratio Tokat tabidies 31 33 Det to Envy Ratio Total Latte Total Eauty 15 Didends Par Bhare Manec of Common Shang Chi H Hent 0 h c. Pe Commons 40 Fool A Tomover Raba hat incon me tamen, 2000 R Anal 10 La Copy Pante Wat un Cornena 3 B A Format Painter Chipboard il et $ -% Conditional Currency Formatting able Font Alignment Number E G A B 40 41 Fixed Asset Turnover Ratio Net Income 42 Net Foxed Ass 43 44 45 Gross Margint Ratio Gloss Profit Not Sales 46 47 Inventory Tumover Costal Goods Sold 411 Inventory 49 50 Operating Margin Ratio Income Before Interest Expense and income Tax Expense 51 Net Sale 52 53 Price Emings Ratio Market Price Per Camce Share 51 Earnings Per 55 56 Prolt Margin Nat income 57 Net Sales 18 59 Net Inco EO Return on Asses Total As 1 52 Leicone Before Interest Exponor and income Tax Expense Time interest and arest Expo 61 GE Net Sales Total Asset Turnov 65 Tata Ana 17 be use complete sentences to complete the fill in questions TO Impre and enam this company's 11 Current Ratio 12 TA 70 Tallery and an int company Pict M o