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I need help completing the Statement of Retained Earnings and the Ratio Analysis using the first five datasheets. Assets Current Assets: Cash Accounts receivable Inventory

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I need help completing the Statement of Retained Earnings and the Ratio Analysis using the first five datasheets.

Assets Current Assets: Cash Accounts receivable Inventory Prepaid expenses Total current assets Fixed Assets: Plant & equipment Less: Accum. depreciation Net plant & equipment Total Assets D & H Enterprises Balance Sheet for Year Ended December 31, 2017 Liabilities Current Liabilities: $60,000 Accounts payable 21,000 Notes payable 31,000 Total current liabilities 12,600 Notes payable 124,600 Bonds payable Total liabilites $ 256,000 Stockholder's Equity 51,200 Preferred stock 204,800 Common stock $329,400 Paid in capital in excess of par Retained earnings Total Equity Total Liab. & Equity 18,000 26,000 44,000 12,000 88,000 144,000 $ 26,000 61,000 31,000 67,400 185,400 329,400 $ $ D & H Enterprises Income Statement for year ended December 31, 2017 Sales $ 230,000 Cost of goods sold 126,500 Gross profit $ 103,500 Selling and administrative expense 24,500 Depreciation expense 26,000 Operating profit $ 53,000 Interest expense 20,580 ! Earnings before taxes $ 32,420 Taxes 8,105 Earnings after taxes $ 24,315 Preferred stock dividends 2,700 Earnings available to common stockholder $ 21,615 Shares outstanding Earnings per share 10000 2.16 $ $ $ 215,000 62% 21,000 9% 5% 8% 11% 25% 2,700 4,085 Sales for 2018 Cost of goods sold as percent of sales Selling and administration expenses Depreciation expense as percent of plant & equipment at beginning of the year Interest expense on Notes payable-based on December 31, 2017, balances Interest rate on Notes payable (5 year) - based on Dec. 31, 2017, balances Interest rate on Bonds payable-based on December 31, 2017, balances Tax rate Preferred dividends paid Common stock dividends paid During 2018, prepaid expenses balance was unchanged. Accounts receivable decreased in 2018 by Inventory increased in 2018 by New machine was purchased on December 31, 2018, at a cost of Accounts payable increased in 2018 by Notes payable (6 month) decreased at end of the year by Notes payable (5 year) increased at end of the year by Bonds payable increased at end of the year by Preferred stock Common stock increased by Paid in capital in excess of par Number of shares outstanding During 2018, cash balance increased by Market price per share of common as of December 31, 2017, was Market price per share of common as of December 31, 2018, was 3% 15% $ 65,000 6% $ 2,000 $ 9,000 $ 30,000 No change $ 5,000 No change 15000 9605 57.45 51.93 D & H Enterprises Income Statement For Year Ended, December 31, 2018 Sales Cost of Goods Sold Gross Profit Selling and administrative expense Depreciation expense Operating profit Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholder $ 215,000 133,300.00 $ 81,700.00 21,000 23,040 $ 37,660.00 11,940.00 $ 25,720.00 6,430.00 $ 19,290.00 2700 $ 16,590.00 Shares outstanding Earnings per share Round earnings per share to two decimal places 15000 1.11 $ Interest expense can be calculated below if you wish. Notes payable (6 Month) interest expense Notes payable (5 year) interest expense Bonds payable interest expense Total Interest Expense $ 1,300.00 960.00 9,680.00 $ 11,940.00 D & H Enterprises Balance Sheet for Year Ended December 31, 2018 Assets Liabilities Current Assets: Current Liabilities: Cash $69,605 Accounts Payable Accounts receivable 20,370 Notes payable Inventory 35,650 Total Current Liabilities Prepaid Expense 12,600 Notes Payable (5-Year) Total Current Asset $138,225 Bonds Payable Fixed Assets: Total Liabilities Plant & Equipment $ 321,000 Stockholder's Equity Less: Accum. Depreciation 74,240 Preferred Stock Net plant & equipment $ 246,760 Common Stock Total Assets $384,985 Paid in capital in excess of par Retained Earnings Total Equity Total Liab. & Equity 19,080 24,000 43,080 21,000 118,000 182,080 $ 26,000 66,000 31,000 79,905 202,905 384,985 $ $ D & H Enterprises Statement of Retained Earnings For Year Ended, December 31, 2018 Retained earnings balance, January 1, 2018 Ratio Name Current Quick Ratio Analysis - Liquidity 2017 Value 2018 Value Industry Average 2.15 2.13 1.43 Ratio Analysis - Asset Utilization/Efficiency Ratio Name 2017 Value 2018 Value Industry Average Inventory Turnover Average Collection Period 52 Receivables Turnover 12.33 Fixed Assets Turnover 1.84 Total Assets Turnover 1.09 Ratio Analysis - Debt Management/Leverage Ratio Name 2017 Value 2018 Value Industry Average Total Debt Ratio 0.5 Times Interest Earned 2.58 4.5 Ratio Name Net Profit Margin Return on Assets Return on Equity Ratio Analysis - Profitability | 2017 Value 2018 Value Industry Average 8.60% 5.33% 10.50% Ratio Name Price/Earnings (PE) Ratio Analysis - Profitability 2017 Value 2018 Value Industry Average $ 26.58 23 Assets Current Assets: Cash Accounts receivable Inventory Prepaid expenses Total current assets Fixed Assets: Plant & equipment Less: Accum. depreciation Net plant & equipment Total Assets D & H Enterprises Balance Sheet for Year Ended December 31, 2017 Liabilities Current Liabilities: $60,000 Accounts payable 21,000 Notes payable 31,000 Total current liabilities 12,600 Notes payable 124,600 Bonds payable Total liabilites $ 256,000 Stockholder's Equity 51,200 Preferred stock 204,800 Common stock $329,400 Paid in capital in excess of par Retained earnings Total Equity Total Liab. & Equity 18,000 26,000 44,000 12,000 88,000 144,000 $ 26,000 61,000 31,000 67,400 185,400 329,400 $ $ D & H Enterprises Income Statement for year ended December 31, 2017 Sales $ 230,000 Cost of goods sold 126,500 Gross profit $ 103,500 Selling and administrative expense 24,500 Depreciation expense 26,000 Operating profit $ 53,000 Interest expense 20,580 ! Earnings before taxes $ 32,420 Taxes 8,105 Earnings after taxes $ 24,315 Preferred stock dividends 2,700 Earnings available to common stockholder $ 21,615 Shares outstanding Earnings per share 10000 2.16 $ $ $ 215,000 62% 21,000 9% 5% 8% 11% 25% 2,700 4,085 Sales for 2018 Cost of goods sold as percent of sales Selling and administration expenses Depreciation expense as percent of plant & equipment at beginning of the year Interest expense on Notes payable-based on December 31, 2017, balances Interest rate on Notes payable (5 year) - based on Dec. 31, 2017, balances Interest rate on Bonds payable-based on December 31, 2017, balances Tax rate Preferred dividends paid Common stock dividends paid During 2018, prepaid expenses balance was unchanged. Accounts receivable decreased in 2018 by Inventory increased in 2018 by New machine was purchased on December 31, 2018, at a cost of Accounts payable increased in 2018 by Notes payable (6 month) decreased at end of the year by Notes payable (5 year) increased at end of the year by Bonds payable increased at end of the year by Preferred stock Common stock increased by Paid in capital in excess of par Number of shares outstanding During 2018, cash balance increased by Market price per share of common as of December 31, 2017, was Market price per share of common as of December 31, 2018, was 3% 15% $ 65,000 6% $ 2,000 $ 9,000 $ 30,000 No change $ 5,000 No change 15000 9605 57.45 51.93 D & H Enterprises Income Statement For Year Ended, December 31, 2018 Sales Cost of Goods Sold Gross Profit Selling and administrative expense Depreciation expense Operating profit Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholder $ 215,000 133,300.00 $ 81,700.00 21,000 23,040 $ 37,660.00 11,940.00 $ 25,720.00 6,430.00 $ 19,290.00 2700 $ 16,590.00 Shares outstanding Earnings per share Round earnings per share to two decimal places 15000 1.11 $ Interest expense can be calculated below if you wish. Notes payable (6 Month) interest expense Notes payable (5 year) interest expense Bonds payable interest expense Total Interest Expense $ 1,300.00 960.00 9,680.00 $ 11,940.00 D & H Enterprises Balance Sheet for Year Ended December 31, 2018 Assets Liabilities Current Assets: Current Liabilities: Cash $69,605 Accounts Payable Accounts receivable 20,370 Notes payable Inventory 35,650 Total Current Liabilities Prepaid Expense 12,600 Notes Payable (5-Year) Total Current Asset $138,225 Bonds Payable Fixed Assets: Total Liabilities Plant & Equipment $ 321,000 Stockholder's Equity Less: Accum. Depreciation 74,240 Preferred Stock Net plant & equipment $ 246,760 Common Stock Total Assets $384,985 Paid in capital in excess of par Retained Earnings Total Equity Total Liab. & Equity 19,080 24,000 43,080 21,000 118,000 182,080 $ 26,000 66,000 31,000 79,905 202,905 384,985 $ $ D & H Enterprises Statement of Retained Earnings For Year Ended, December 31, 2018 Retained earnings balance, January 1, 2018 Ratio Name Current Quick Ratio Analysis - Liquidity 2017 Value 2018 Value Industry Average 2.15 2.13 1.43 Ratio Analysis - Asset Utilization/Efficiency Ratio Name 2017 Value 2018 Value Industry Average Inventory Turnover Average Collection Period 52 Receivables Turnover 12.33 Fixed Assets Turnover 1.84 Total Assets Turnover 1.09 Ratio Analysis - Debt Management/Leverage Ratio Name 2017 Value 2018 Value Industry Average Total Debt Ratio 0.5 Times Interest Earned 2.58 4.5 Ratio Name Net Profit Margin Return on Assets Return on Equity Ratio Analysis - Profitability | 2017 Value 2018 Value Industry Average 8.60% 5.33% 10.50% Ratio Name Price/Earnings (PE) Ratio Analysis - Profitability 2017 Value 2018 Value Industry Average $ 26.58 23

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