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I only need help with the wrong ones! Thanks ! The balance sheet and income statement of Cookie & Coffee Creations Inc. for its first
I only need help with the wrong ones! Thanks !
The balance sheet and income statement of Cookie \& Coffee Creations Inc. for its first year of operations, the year ended October 31 , 2021, follows. Additional information: Natalie and Curtis are thinking about borrowing an additional $20,000 to buy more kitchen equipment. The loan would be repaid ove a 4-year period. The terms of the loan provide for equal semiannual installment payments of $2,500 on May 1 and November 1 of eac year, plus interest of 5% on the outstanding balance. Calculate the following ratios (use ending balances in place of averages, where necessary): (Round current ratio to 2 decimal places, e.g. 1.68:1. Round times interest earned to 0 decimal places, e.g. 125. Round other answers to 1 decimal placeStep by Step Solution
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