Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i have uploaded one full picture of the question and three screenshots of same questions. thank you this is one complete question with its parts
i have uploaded one full picture of the question and three screenshots of same questions.
thank you
this is one complete question with its parts please answer all.
Once the finascial statements are prepared, calculate the following raties for 2/31/21 (ehew your neflat D. Citass Margin Itatio E - Current Ratio F - Warking Capital Ratis Ci-Acid-Test Ratio H - Asset Tureover I- Inventery Turnever J- Days' Sales in Accounts Reccivable X. - of Days' Sales in Inventory L. - ROI M=ROE N - Eamings per Share O - Debt Ratio P- Debt Lquity Ratio Q-Times Interest Earned A - Propare an laceme Statemeat fer the Year Eeded Dee. 31, 2021 in proper fermat ening Exeel. B - Calculate the ending retained earaings halance as of 1231/21 (beginaing retaled rarnings is glven). C - Prepare the Balance Sheet as of December 31, 2021 AND 2020 in reod format exing Encel. Once the fiastial statements are prepared, calculate the following ratios for 2/31/21 (thew yeur wef D-Ciross Margin Ratio B. - Cursent Ratio F - Working Capical Ratio G - Aeid-Test Ratio H - Aasit Turmever I - Inventery Tumover J- A Days" Sales in Acenuets Receivable K. + H of Days' Sales in lnventory L. - ROI M - ROE N - Eantings per Share O - Debt Ratio P- DebtFquity Ratio Q. Times Inicrest Earned Using the below account balances for Charlotte Corp., and in this order: A- Prepare an income Statement for the Year Ended Dec. 31, 2021 in proper format using Excel. B - Calculate the ending retained earnings balance as of 12/31/21 (beginning retained earnings is given C- Prepare the Balance Sheet as of December 31, 2021 AND 2020 in good format using Excel. Once the financial statements are prepared, calculate the following ratios for 12/31/21 (show your work): D- Gross Margin Ratio E-Current Ratio F-Working Capital Ratio G. Acid-Test Ratio H- Asset Turnover I- Inventory Turnover 1. # Days' Sales in Accounts Receivable K. # of Days' Sales in inventory L. ROI M-ROE N-Eamings per Share O- Debt Ratio P. Debt/Equity Ratio Q. Times interest Earned Using the below account balances for Charlotte Corp., and in this order: | ||
A - Prepare an Income Statement for the Year Ended Dec. 31, 2021 in proper format using Excel. | ||
B - Calculate the ending retained earnings balance as of 12/31/21 (beginning retained earnings is given). | ||
C - Prepare the Balance Sheet as of December 31, 2021 AND 2020 in good format using Excel. | ||
Accounts Payable | ||
Accounts Receivable, net of uncollectible accounts | ||
Additional Paid-in Capital | ||
Automobiles | ||
Building Improvements | ||
Buildings | ||
Cash | ||
COGS | ||
Common Stock $1 par, 400,000 shs authorized, 30,000 shs issued, 25,000 shs outstanding | ||
Computer Equipment | ||
Conferences & Travel Expense | ||
Depreciation & Amortization Expense | ||
Dividends Paid | ||
General & Administrative Expense | ||
Goodwill | ||
Income Tax Expense | ||
Insurance Expense | ||
Interest Expense | ||
Interest Income | ||
Interest Payable | ||
Land | ||
Accumulated Amortization | ||
Accumulated Depreciation | ||
Long-Term Bonds Payable | ||
Long-Term Note Payable | ||
Merchandise Inventory | ||
Net Sales | ||
Patents | ||
Preferred Stock | ||
Prepaid Insurance | ||
Production Equipment | ||
Research & Development Expense | ||
Retained Earnings | ? (need to calculate) | |
Selling Expense | ||
Short-Term Marketable Securities | ||
Short-term Note Payable | ||
Trademarks | ||
Treasury Stock 5,000 shs | ||
Utilities Expense | ||
Wages Expense | ||
Wages Payable | ||
Once the financial statements are prepared, calculate the following ratios for 12/31/21 (show your work): | ||
D - Gross Margin Ratio | ||
E - Current Ratio | ||
F - Working Capital Ratio | ||
G - Acid-Test Ratio | ||
H - Asset Turnover | ||
I - Inventory Turnover | ||
J - # Days' Sales in Accounts Receivable | ||
K - # of Days' Sales in Inventory | ||
L - ROI | ||
M - ROE | ||
N - Earnings per Share | ||
O - Debt Ratio | ||
P - Debt/Equity Ratio | ||
Q - Times Interest Earned |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started