Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need the 18 ratios and long answers A Byte of Accounting Balance Sheet As of December 31, 2020 Astets Current Assots Long-Term Assets begin{tabular}{|l|l|l|l|l|}

i need the 18 ratios and long answers
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
A Byte of Accounting Balance Sheet As of December 31, 2020 Astets Current Assots Long-Term Assets \begin{tabular}{|l|l|l|l|l|} \hline Offee Equipment & 8 & 64,100.00 & & \\ \hline Accum. Depr-Office Equlpment & & 6,100.00 & & \\ \hline Net Othice Equipment & & & 5 & 58,000.00 \\ \hline Computor Equlpment & 5 & 22.500.00 & & \\ \hline Accum. Dept-Computer Equipment & & 4,500.00 & & \\ \hline Net Computer Equipment & & & & 18.000.00 \\ \hline \end{tabular} Total Long_Tem Anets Total Assots Uabilites Current Labilifes Accounte Payabin Salanios Payable income Tanes Payable 76.000.005239.730.00 Total Labilites 3lockholder's Equity Capital stock 50.01 ParValue Pald in Capital in Excene of Par Rotained Eamings Total Siociholders Equily Tolal Lablities and stockholder's Equiy A Byte of Accounting, Inc. income statement For Year Ending December 31, 2021 Rlevenues fsaies Rewnye Cont of Goode 8oid gross Profit 3 230,133.00 Poethting Expenses Plempizenito Fielay Experies Alverising Expenwe Pepelis o 1/ eint Expenu Buppilies Expenia Inuatice Elroente Depieciaten Fxpence fiad Debt Eypente Teleghnsie fixenta Total Opereting t:xpentes 17928705 Inciane from Operafione before biderest and inciane Tayes ifiemutanerice itelinetane Befict Tex Het liditave Rifer Tap A byis of Recosentirel, incu Statemert of Stockhoiderx' Gquty For Year Ending December 31,2021 A Byte of Accounting Balance Sheet As of December 31,2021 Assets Curront Assets Long-Term Assets Total Assets \begin{tabular}{rr} & 70.413.75 \\ \hline$497,916.25 \\ \hline \end{tabular} Labilifes Current Labilites Long-Term Uablities Stockholder's Equity Capital Stock $0.01 par value Pald in Capital in Excess of Par Retalned Eamings Total Stoekholder's Equity Total Llabilities and Stockholder's Equity \& 497,916.26 A Byte of Accounting Statement of Cash Fows - Indirect Method For Year Ending Docember 31, 2021 Cash Fow from Operating Acthities Net income Adjustments to reconcile net income to net cash 330,166.96 flows from operating activities: Depreciation expenses Decrease in accounts receivable Increase in prepaid Insurance Change in prepaid rent Decrease in office supplies Increase in inventory Decrease in payables Increase in income taxpayable Netcash fows from operations Cash Rows from Investing Acthities Purchase of equipment Not cash fows from investing activises Gash Flows trom Financing Acthitles issuance of common stock Proceeds from is suance of bonds payable Payment of cash dividends Netcash foivs from financing activities Net increase (decrease) in cash Cash at the beginning of the period Canh at the end of the period Noncash ACtivios Purchased equipment byissuing note payable A Byte of Accounting Ratios For Yoar Ending Docember 31, 2021 Mote: The evilimated market vation of the business is lour thimus liet hecome Before intorest Expense and hecono Taxes oved Salevin invertay Bluad we top dencimal Taw Aunt Tunower perterent Lisse tancopiertites Trasiay hese Gurwingese Wistedition Debrepeitity italo Dilised Yeld Gath How on Totai Austs Qris Merin latio Prestinifeptilute crivito shes Uwe eomplete acterces te consleto the eit in questiom itterpret and explalin this compeny's Accourt Roctlubble Tumove rests inte = of ans explain this compamy/t Crowe Margif fatle irinseet a Mi walain tia conpeny't bock Velve bet Common trate A Byte of Accounting. Inc. Income Statement Year Ending December 31, 2021 A Byte of Accounting Balance Sheet As of December 31, 2020 Astets Current Assots Long-Term Assets \begin{tabular}{|l|l|l|l|l|} \hline Offee Equipment & 8 & 64,100.00 & & \\ \hline Accum. Depr-Office Equlpment & & 6,100.00 & & \\ \hline Net Othice Equipment & & & 5 & 58,000.00 \\ \hline Computor Equlpment & 5 & 22.500.00 & & \\ \hline Accum. Dept-Computer Equipment & & 4,500.00 & & \\ \hline Net Computer Equipment & & & & 18.000.00 \\ \hline \end{tabular} Total Long_Tem Anets Total Assots Uabilites Current Labilifes Accounte Payabin Salanios Payable income Tanes Payable 76.000.005239.730.00 Total Labilites 3lockholder's Equity Capital stock 50.01 ParValue Pald in Capital in Excene of Par Rotained Eamings Total Siociholders Equily Tolal Lablities and stockholder's Equiy A Byte of Accounting, Inc. income statement For Year Ending December 31, 2021 Rlevenues fsaies Rewnye Cont of Goode 8oid gross Profit 3 230,133.00 Poethting Expenses Plempizenito Fielay Experies Alverising Expenwe Pepelis o 1/ eint Expenu Buppilies Expenia Inuatice Elroente Depieciaten Fxpence fiad Debt Eypente Teleghnsie fixenta Total Opereting t:xpentes 17928705 Inciane from Operafione before biderest and inciane Tayes ifiemutanerice itelinetane Befict Tex Het liditave Rifer Tap A byis of Recosentirel, incu Statemert of Stockhoiderx' Gquty For Year Ending December 31,2021 A Byte of Accounting Balance Sheet As of December 31,2021 Assets Curront Assets Long-Term Assets Total Assets \begin{tabular}{rr} & 70.413.75 \\ \hline$497,916.25 \\ \hline \end{tabular} Labilifes Current Labilites Long-Term Uablities Stockholder's Equity Capital Stock $0.01 par value Pald in Capital in Excess of Par Retalned Eamings Total Stoekholder's Equity Total Llabilities and Stockholder's Equity \& 497,916.26 A Byte of Accounting Statement of Cash Fows - Indirect Method For Year Ending Docember 31, 2021 Cash Fow from Operating Acthities Net income Adjustments to reconcile net income to net cash 330,166.96 flows from operating activities: Depreciation expenses Decrease in accounts receivable Increase in prepaid Insurance Change in prepaid rent Decrease in office supplies Increase in inventory Decrease in payables Increase in income taxpayable Netcash fows from operations Cash Rows from Investing Acthities Purchase of equipment Not cash fows from investing activises Gash Flows trom Financing Acthitles issuance of common stock Proceeds from is suance of bonds payable Payment of cash dividends Netcash foivs from financing activities Net increase (decrease) in cash Cash at the beginning of the period Canh at the end of the period Noncash ACtivios Purchased equipment byissuing note payable A Byte of Accounting Ratios For Yoar Ending Docember 31, 2021 Mote: The evilimated market vation of the business is lour thimus liet hecome Before intorest Expense and hecono Taxes oved Salevin invertay Bluad we top dencimal Taw Aunt Tunower perterent Lisse tancopiertites Trasiay hese Gurwingese Wistedition Debrepeitity italo Dilised Yeld Gath How on Totai Austs Qris Merin latio Prestinifeptilute crivito shes Uwe eomplete acterces te consleto the eit in questiom itterpret and explalin this compeny's Accourt Roctlubble Tumove rests inte = of ans explain this compamy/t Crowe Margif fatle irinseet a Mi walain tia conpeny't bock Velve bet Common trate A Byte of Accounting. Inc. Income Statement Year Ending December 31, 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions