I need help answering the Analysis and Balance Sheet.

General General Income Requirement Trial Balance Analysis Balance Sheet Journal Ledger Statement Enter your Accounts Receivable turnover value in one decimal place and Ratio of Allowance for Uncollectible Accounts in Whole number Analyze how well 3D Family Fireworks manages its receivables Calculate the receivables turnover ratio for the month of January (Hint: For the numerator, use total services provided to customers on account). If the industry average of the receivables turnover ratios for the month of January is 4.5 times, is the company collecting cash from customers more or less efficiently than other companies in the same industry? Accounts Receivable turnover: times The company is collecting more efficiently. (true or false) (b) Calculate the ratio of Allowance for Uncollectible Accounts to Accounts Receivable at the end of January. Based on a comparison of this ratio to the same ratio at the beginning of January, does the company expect an improvement or worsening in cash collections from customers on credit sales? Ratio of Allowance for Uncollectible Accounts to Accounts Receivable Should the company expect improving or worsening conditions? Balance Sheet Analysis On January 1, 2018, the general ledger of 3D Family Fireworks includes the following account balances: Credit Accounts Debit Cash 26.300 Accounts Receivable 14,800 $ 3,200 Allowance for Uncollectible Accounts 3,700 16.000 80.100 Notes Receivable (6%, due in 2 years) Land Common Stork 96.000 Retained Eamings 33,600 Totals $140,900 $140,900 During January 2018, the following transactions occur customers for cash, $47,100. customers on account, $84.400. uncollectible, $2,900. January 2 Provide services January 6 Provide services January 20 Pay cash for salaries. $32.600 January 22 Receive cash on accounts receivable, $82,000. January 25 Pay cash on accounts payable, $6,7 Janua Pay cash for utilities during January, 4.900. The following information is available on January 31, 2018 a. The company estimates future uncollectible accounts. The company determines $4,100 of accounts receivable on January 31 are past due, and 20 % The remaining accounts receivable on January 31 are not past due, and 5 % of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) b. Supplies at the end of January total $850. f these accounts are estimated to be uncollectible. d. Unpaid salaries at the end of January are $34 January. Interest is expected to be received each December 31. General General Income Balance Sheet Trial Balance Requirement Analysis Journal Ledger Statement Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Post-closing 3D Family Fireworks Balance Sheet January 31, 2018 Liabilities Assets Current Assets: Current Liabilities: Total Current Liabilities 0 Total Liabilities Total Current Assets Noncurrent Assets: Stockholders' Equity: Total Stockholders' Equity C 0 Total Liabilities &Stockholders' Equity Total Assets > Income Statement Analysis General General Income Requirement Trial Balance Analysis Balance Sheet Journal Ledger Statement Enter your Accounts Receivable turnover value in one decimal place and Ratio of Allowance for Uncollectible Accounts in Whole number Analyze how well 3D Family Fireworks manages its receivables Calculate the receivables turnover ratio for the month of January (Hint: For the numerator, use total services provided to customers on account). If the industry average of the receivables turnover ratios for the month of January is 4.5 times, is the company collecting cash from customers more or less efficiently than other companies in the same industry? Accounts Receivable turnover: times The company is collecting more efficiently. (true or false) (b) Calculate the ratio of Allowance for Uncollectible Accounts to Accounts Receivable at the end of January. Based on a comparison of this ratio to the same ratio at the beginning of January, does the company expect an improvement or worsening in cash collections from customers on credit sales? Ratio of Allowance for Uncollectible Accounts to Accounts Receivable Should the company expect improving or worsening conditions? Balance Sheet Analysis On January 1, 2018, the general ledger of 3D Family Fireworks includes the following account balances: Credit Accounts Debit Cash 26.300 Accounts Receivable 14,800 $ 3,200 Allowance for Uncollectible Accounts 3,700 16.000 80.100 Notes Receivable (6%, due in 2 years) Land Common Stork 96.000 Retained Eamings 33,600 Totals $140,900 $140,900 During January 2018, the following transactions occur customers for cash, $47,100. customers on account, $84.400. uncollectible, $2,900. January 2 Provide services January 6 Provide services January 20 Pay cash for salaries. $32.600 January 22 Receive cash on accounts receivable, $82,000. January 25 Pay cash on accounts payable, $6,7 Janua Pay cash for utilities during January, 4.900. The following information is available on January 31, 2018 a. The company estimates future uncollectible accounts. The company determines $4,100 of accounts receivable on January 31 are past due, and 20 % The remaining accounts receivable on January 31 are not past due, and 5 % of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) b. Supplies at the end of January total $850. f these accounts are estimated to be uncollectible. d. Unpaid salaries at the end of January are $34 January. Interest is expected to be received each December 31. General General Income Balance Sheet Trial Balance Requirement Analysis Journal Ledger Statement Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Post-closing 3D Family Fireworks Balance Sheet January 31, 2018 Liabilities Assets Current Assets: Current Liabilities: Total Current Liabilities 0 Total Liabilities Total Current Assets Noncurrent Assets: Stockholders' Equity: Total Stockholders' Equity C 0 Total Liabilities &Stockholders' Equity Total Assets > Income Statement Analysis