I need current ratio, quick ratio, cash ratio, time interest ratio, long term equity ratio, and long term debt to total assets ratio and how to calculate this for the following data that I have. THANK YOU!
Data Formulas Review View hop File Home Insert Page Layout 2 Wrap Text Calibri - 11 Merge & SA * Cut Copy Pastet Format Painter Clipboard 30 > Alignment Font H B A D G E 1 A Sports Shop 2 Multi-Step Income Statement 3 Jan.1 2022 4 5 Sales Revenue 250,000 6 Less: Sales returnes and allowances 15,000 7 Less: Sales discounts 12,000 8 Net sales 223,000 9 Less: Cost of goods sold 27,000 10 Gross profit 196,000 11 Operating expense 12 Rent expense 22,000 13 Utility expense 6,000 14 Salary expense 17,000 15 Insurance expense 2,000 16 Depretation expense 4,000 77 Total operating expense 51,000 18 income from operations 145,000 19 Non-Operating expense 20 Interest Expense 15,000 21 Total Non-Oporating Expense 130,000 22 Income Before Tax 23 Less Income Tax Expense 30,000 24 Net Income 100,000 25 26 27 28 29 Ending Balance Sheet Journal Entries - Income Stml Income Statement for Type here to search HOUBO Accounting Pro Home Page Layout Formas Data Review View Help Tell me what you want to do Catti 11 General X cu Copy - Paste Format Painter Clipboard ta Wrap Text Merge Center BIU... $. % Font A Number R24 H A D E F G 9 Prepaid rent 2,000 10 Total current Assets 76,000 11 Total Property Plant and Equipment 12 Equipment 29,000 13 Less: Accumulated Depretation -12,000 17.000 14 Building 70,000 15 Less: Accumulated Depretation 22.000 48,000 16 Total Property Plant and Equipment 65,000 17 Total Assets 141,000 18 Liabilities and Stockholder's Equity 19 Current Liabilities 20 Accounts Payable 22.000 21 Salary payable 5.000 22 Uneamed Revenue 3,000 23 Total Current Liabilities 30,000 24 Long Term Liabilities 25 Notes Payola 30,000 25 Mortgage 55.000 27 Total Long term Liabilities 85,000 28 Total Liabilities 29 Comman Sock 7,000 30 Retlaned Earnings 19,000 31 Total Sockholder's Equity 25,000 32 Total Liabilities and Stockholders Equity 141,000 33 34 35 36 37 Journal Entries - Income Stmt Income Statement for year 2 2nd year, ending balance sheet joun O E Type here to search Acounting Project part 4 File inert Page Layout Tomus Dan View Help Tell me what you want to do Kai West --** A. I Copy Format Painter Paste Merete Go ta Clipboard H24 G H 76.000 65,000 141,000 A D F 5 Assets 6 Cash 10,000 7 Accounts Recievable 40,000 8. Supplies 4.000 9 Prepaid rent 2.000 10 Total current Assets 11 Total Property Plant and Equipment 12 Equipment 29.000 13 Less Accumulated Depretation 12.000 17.000 14 Building 20,000 15 Les Accumulated Depretation -22.000 48.000 16 Total Property Plant and Equipment 17 Total Assets 18 Liabilities and Stockholder's Equity 19 Current Liabilities 20 Accounts Payable 22.00 21 Salary payable 5.000 22 Unted Revenue 2000 23 Total Current Liabilities 24 Long Term Liabilities 25 Notes Payble 26 Morte 55.000 27. Total Long term Liabilities 28 Total Liabilities 29 Common Sock 7.000 30 Retiane Caring 19,000 31 Total Sockholder's Equity 32 Total Liabilities and Stockholders Equity 30.000 85.000 141.000 2nd year ending balance sheet jounalents Journal Entries Income Start Income Statement for your O E Type here to search
