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I need Current Ratio, Acid Test Ratio, Return on Assets, Return on Equity, Debt Ratio, Debt to Equity Ratio, Inventory Turnover, Earning Per Share, Price
I need Current Ratio, Acid Test Ratio, Return on Assets, Return on Equity, Debt Ratio, Debt to Equity Ratio, Inventory Turnover, Earning Per Share, Price Earnings Ratio, Book Value per Share
181 Below is not homework unless assigned by your instructor The following data is for Laurel's Lassos, inc.: Balance 12/31/16 Balance 1231/17 18,900 50,000 5,000 90,000 2.600 290,000 20,000 71,900 90,000 12,000 50,000 3.600 340,000 80,000 140,000 12,000 35,000 6,000 8,000 6.500 10,000 130.000 300,000 120,000 1,200,000 700,000 220,000 48,000 46,000 60,000 15,000 6,000 14,500 27,150 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation Land 10,000 30,000 10,000 4,000 7,500 5,000 160,000 150,000 70,000 Security Deposits \ Accounts Payable Wages Payable Rent Payable Interest Payable Taxes Payable Note Payable Common Stock (S1 each) Retained Earnings Sales Cost of Goods Sold Wage Expense Rent Expense Office Expenses Depreciation Expense Bad Debt Expense Insurance Expense Interest Expense Income Tax Expense The land was acquired on June 30, 2017 by exchanging 60,000 shares of common stock worth $60,000 and cash for the balance of the purchase price. purchase of the land) was sold on October 31, 2017 for $1 per share. The company did not sell any The additional common stock (other than that issued for the ipment during the year. All equipment purchased during the year was purchased for cash. The balance in retained earnings for each year is after all closing entries have been made. The Note Payable requires payments of $30,000 principal plus interest at 10% on June 30 of each yearStep by Step Solution
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