hi, I need help about it:

Balance Sheet Project Description: A balance sheet is a section of an annual tinancial report that presents the Company's osscts and liabilities. It provides the users of this statement key measures of the Company's liquidity and its ability to meet its current and future obligations as well as summarizes how the assets and liabilities are presented. Ta complete this section, answer the following required question using information taken from the balance sheet for year 2018 and 2017: 1. The accountine equation is Assets = Liabilities + Stockholders' Equity. Replacing the words in the accounting coustion with dollar amounts, give the company's occounting equation at the end of the current and prior years. 1. 2018 11.2017 2 Calculate the company's current ratio (pg. 221 in textbook] for both 2018 and 2017. 3. What does this ratio and number mean? 5. Has the current ratio improved or declined? Explain. 3. Qlculate the company's debt ratio lpg 223 in textbook) for both 2018 and 2017 a. What does this ratio and number mean? 5. Has the debt ratia improved ar declined ? Explain. Balance Sheet Analysis. UCLICU: Lapidlll. 4. Balance Sheet Analysis: a. For both years what is the percentage split between the Company's current and non-current assets? b. What is the percentage of current debt compared to long-term debt for both years? Explain using the information obtained in questions 1-3. C. Comment on any significant change (> 10%) in any individual asset or liability balance. d. Comment on any significant change (> 10%) in the amount of total current assets or liabilities. e. Calculate the return on assets (pg. 221 in textbook) for 2018 and 2017. Submit your Balance Sheet to Capstone Project 10,4 Balance Sheets for JM Dalton Inc TM Dalton, Inc., for December 31, 2017, and December 31, 2018 EXHIBIT 2017 Assets 2018 Changes Current assets: Cash Accounts receivable Inventory Total current assets Fixed assets: Gross fixed assets Accumulated depreciation Net fixed assets TOTAL ASSETS $ 45,000 75,000 180,000 $300,000 $ 50,000 80,000 220,000 $350,000 $ 5,000 5,000 40,000 $ 50,000 $860,000 (360,000 $500,000 $800,000 $960,000 (390,000) $570,000 $920,000 $100,000 (30,000) $ 70,000 $120,000 Debt (Liabilities) and Equity Current liabilities: Account payable Short-term notes Total current liabilities (debt) Long-term debt Total debt Owners'equity Common stock Retained earnings Total owners' equity TOTAL DEBT AND EQUITY $ 15,000 60,000 $ 75,000 150,000 $225,000 $ 20,000 80,000 $100,000 200,000 $300,000 $5,000 20,000 $ 25,000 50,000 $ 75,000 $300,000 $275,000 $575,000 $800,000 $300,000 320,000 $620,000 $920,000 S 0 45,000 $ 45,000 $120,000 The 2017 and 2018 year-end balance sheets for JM Dalton show us: The firm began 2018 (ended 2017) with $800,000 in total assets and ended 2018 with total assets of $920,000. How much has been invested in current assets (cash, accounts receivable, and inventory) and in fixed assets. How much debt and equity were used to finance the assets. About half of the equity came from investments made by the owners (com- mon stock), and the other half came from reinvesting profits in the business (retained earnings). The $45,000 increase in retained earnings, shown in the Changes column in Exhibit 10.4. is the firm's net profits for the year ($60,000) less the dividends paid the owners ($15.000) (refer back to the income statement in Exhibit 10.2). and capabilities of the been our observati statement, but much sheets, including the on how effectively ally, a balance sheet helps the small business owner know the financial strength Pomties of the business something that cannot be known in any other way. It has Fobservation that small business owners pay close attention to the firm's income but much less attention to the balance sheet. That is a mistake. The balance cluding the changes between the two balance sheets, provide critical information lectively the firm's assets are being managed and on the financing of the assets. Chapter 10 Understanding a Firm's Financial Statements 215 well versed about the bal the balance sidering how decision-making, he balance sheet as sena overall picture of the firm The entrepreneur is not the only one who needs to be well verse sheet. Lenders, such as bankers, investors, and suppliers, who are much credit to grant rely heavily on a firm's balance sheet in their d Thus far, we have discussed the income statement and the balan rate reports. But they complement each other to give an overall pid financial situation Exhibit 10.5 shows how the income statement and the balance sheete To understand how a firm performed during 2018, you must know the to ce sheets fit together ow the following: The firm's financial position at the beginning of 2018 (balance sheet December 31, 2017). The firm's profits during the year (income statement for all of 2018). The firm's financial position at the end of the year (balance sheet on December 31, 2018). Income Statement and Balance Sheet Together Income statement reports the profits from January 1, 2018 through December 31, 2018 January 1 December 31 Balance Sheet on December 31, 2017 Balance Sheet on December 31, 2018 Reports a firm's financial position at beginning of 2018 (end of 2017) Reports a firm's financial position at end of 2018