I need help calculating QUICK RATIO, GROSS MARGIN, NET MARGIN, AND RETURN ON EQUITY.

2017 2016 2015 industry Standard

Quick ratio ? 2.2 2.8 1.75

Gross Margin ? 0.55 0.7 0.7

Net Margin ? 0.22 0.32 0.24

Return on Equity ? 0.9 0.78 0.8

Asset Accounts

Cash 101 Baking Supplies 102 Prepaid Rent 103 Prepaid Insurance 104 Baking Equipment 105 Office Supplies 106 Accounts Receivable 107 Accumulated Depreciation 108 Trademark 109 Leasehold Improvements 110 Accumulated Amortization 111

Liability Accounts -

Note Payable 201 Accounts Payable 202 Wages payable 203 Interest payable 204 loans payable 205.

Equity Accounts -

Common Stock 301 Dividends 302.

Revenue Accounts -

Bakery Sales 401 Merchandise Sales 402.

Expense accounts -

Baking cost of Goods Sold 501 Merchandise Cost of Goods Sold (FIFO) 502 Rent Expense 503 Insurance expense 504 Misc. expense 505 Business License Expense 506 Adversiting Expense 507 Wages expense 508 telephone expense 509 interest expense 510 depreciation expense 511 amortization expense 512 office supplies expense 513

Peyton ApprovedTrial Balance

2017

Unadjusted trial balanceAdjusting entriesAdjusted trial balance

Account

Debit---------CreditDebit-CreditDebit-------Credit

Cash64,713.7264,713.72

Baking Supplies165,250.00165,250.00

Merch Inventory FIFO)25,750.0025,750.00

Prepaid Rent7,500.007,500.00

Prepaid Insurance2,400.002,400.00

Baking Equipment17,000.0017,000.00

Accu Depreciation3,285.723,285.72

Leasehold Improv.10,000.0010,000.00

Accu Amortization2,000.002,000.00

Trademark2,300.002,300.00

Office Supplies1,600.001,600.00

Accounts Receivable30,401.0030,401.00

Notes Payable10,000.0010,000.00

Interest Payable-

Accounts Payable27,325.0027,325.00

Wages Payable-

Loans Payable21,000.0021,000.00

Common Stock30,000.0030,000.00

Dividends20,000.0020,000.00

Bakery Sales335,675.00335,675.00

Merchandise Sales35,200.0035,200.00

Baking Cost of Goods Sold-

Rent Expense90,000.0090,000.00

Interest Expense-

Insurance Expense-

Depreciation Expense-

Amortization Expense-

Misc. Expense2,780.002,780.00

Office Supplies Expense-

Business License Ex375.00375.00

Advertising Expense5,200.005,200.00

Wages Expense-

Telephone Expense3,456.003,456.00

Merch COGS (FIFO)15,760.0015,760.00

Total464,485.72464,485.72--464,485.72--464,485.72

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Adjusting Journal Entries

2017

Date Accounts Debit Credit

31-Dec Depreciation Expense

Accumulated depreciation

31-Dec Amortization Expense

Accumulated Amortization

31-Dec Interest Expense

Interest Payable

31-Dec Insurance Expense

Prepaid Insurance

31-Dec Baking Cost of Goods Sold

Baking Supplies

31-Dec Office Supplies Expense

Office Supplies

31-Dec Wages Expense

Wages Payable- -

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Peyton Approved

Income Statement

For Year Ending 12/31/2017

Bakery Sales

Merchandise Sales

Total Revenues

Merchandise Cost of Goods Sold (FIFO)

Baking Cost of Goods Sold

Gross Profit

Operating Expenses:

Rent Expense

Interest Expense

Insurance Expense

Depreciation Expense

Amortization Expense

Misc. Expense

Office Supplies Expense

Business License Expense

Advertising Expense

Wages Expense

Telephone Expense

Total Operating Expenses:

Net Income -

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Peyton Approved

Closing Entries

For Year Ending 12/31/2017

Date Accounts Debit Credit

31-Dec Bakery Sales

Merchandise Sales

Income Summary

31-Dec Income Summary

Baking Cost of Goods Sold

Rent Expense

Interest Expense

Insurance Expense

Depreciation Expense

Amortization Expense

Misc. Expense

Office Supplies Expense

Business License Expense

Advertising Expense

Wages Expense

Telephone Expense

Merchandise Cost of Goods Sold (FIFO)

31-Dec Income Summary-

Retained Earnings-

31-Dec Retained Earnings

Dividends -

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Peyton Approved

Statement of Retained Earnings

For Year Ending 12/31/2017

Beginning Balance:-

plus Net Income

less Dividends:

Ending Balance: -

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Overview: In your final project, you will assume the role of an accountant and complete the year-end adjustment process for your company using a provided workbook. This workbook is the first deliverable (Part I) of your final project. In Part II, you will analyze the provided financials of the same company and create report documenting your findings. For your first milestone, you will complete certain portions of the final project workbook as described in the prompt below. You will complete the entire workbook for your next milestone, due in Module Five. Prompt: Specifically, the following critical elements must be addressed: I. Demonstrate the year-end adjustment process. A. Prepare the adjusting journal entries in the Adjusting Entries tab in the provided workbook. B. Transfer the values from the Adjusting Entries tab to the proper cells of the Adjusting Entries columns in the Worksheet tab. C. Create the adjusted trial balance by completing the Adjusted Trial Balance columns using the Worksheets tab. D. Close temporary accounts by completing the Closing Entries tab. II. Prepare income statement for your company by completing the Income Statement tab in the provided workbook.

Overview: In your final project, you will assume the role of an accountant and complete the year-end adjustment process for your company using a provided workbook. This workbook is the first deliverable (Part I) of your final project. In Part II, you will analyze the provided financials of the same company and create report documenting your findings. For this second milestone, you will complete the remaining portion of the final project workbook. Notice that you will be resubmitting the components that you completed for the first milestone. You are expected to make corrections and incorporate the feedback received on Milestone One so that the elements for Milestone Two are based on the correct foundation. Prompt: Specifically, the following critical elements must be addressed: I. Prepare statement of retained earnings by completing the Statement of Retained Earnings tab. II. Prepare balance sheet by completing the Balance Sheets tab.