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I dont know the formula to get the answers if someone can start me off and explain. I could do the rest A Byte of
I dont know the formula to get the answers if someone can start me off and explain. I could do the rest
A Byte of Accounting, Inc. Income Statement For Year Ending December 31, 2022 Revenues Sales Revenue Cost of Goods Sold $224,170.00 Gross Profit $224,153.00 Operating Expenses Rent Expense Salary Expense Advertising Expense Repairs \& Maint. Expense Supplies Expense Insurance Expense Depreciation Expense Bad Debt Expense Telephone Expense Total Operating Expenses \begin{tabular}{|lr|} \hline$ & 28,800.00 \\ \hline$ & 114,240.00 \\ \hline$ & 4,735.00 \\ \hline$ & 15,005.00 \\ \hline$ & 2,880.00 \\ \hline$ & 275.00 \\ \hline$ & 11,278.39 \\ \hline$ & 847.55 \\ \hline$ & 5,970.00 \\ \hline \end{tabular} Income From Operations Before Interest and Income Taxes Interest Expense Net Income Before Tax Income Tax Expense (Rand lo tro decind ploces) Net Income After Tax 184,030.94 40,122.06 $8,780.14 S 31,341.92 7,835.48 S 23,506.44 Assets Current Assets Cash Accounts Receivable Allowance for Doubtful Accounts $228,264.60. Net Receivable Prepaid Insurance Prepaid Rent Office Supplies Inventory Total Current Assets \begin{tabular}{|r|r|} \hline 17,711.00 & \\ \hline 885.55 & \\ & 16,825.45 \\ & 6,325.00 \\ & 2,400.00 \\ & 470.00 \\ & 492.00 \\ \hline & 254,777.05 \\ \hline \end{tabular} Long-Term Assets Office Equipment Accum. Depr--Office Equipment Net Office Equipment Computer Equipment Accum. Depr.-Computer Equipment Net Computer Equipment Total Long-Term Assets Total Assets $71,900.0012,878.39 Liabilities Current Liabilities Accounts Payable Adyanced Payment Interest Payable Salaries Payable Income Taxes Payable Total Current-Liabilities Long-Term Liabilities Notes Payable Bond Payable Premium on Bond Payable $24,000.009,600.00 S 59,021.61 Net Bond Payable ( 18,537.00 14.400 .00 73,421.61$328,198.66 Total Long-Term Liabilities Total Liabilities A Byte of Accounting Ratios Ai the and of Phe yearst,800 00 was poid h dividends For Year Ending December 31, 2022 Al the end of the year 4,500 sharet were outatanding A the end of the year the manat pico of the alock was 535 . 66 per whare. Required: Complete the ratios and the open ended questions and then upload your file to Cyber Textcom for grading. Round to two decimal places. Acrounts Reos vable Tumover Nod Teit Rote Bank Eamings Per Bnaw Doek Value Per Comenon 5ham *Roundiniamber, 2) Davs Baws in irvenioy Dan' sales Uncolected Dest Rato Dobito Euvir Rato Dovende Per Snawe Step by Step Solution
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