MENACHEM CORPORATION Balance Sheet _____________________________________________________________________________________Assets Dec. 31, 2010 Jan. 1, 2010 Inc/Dec Cash $23,460 $14,400 $9,060 Inc Accounts Receive. 107,460 89,400 18,060 Inc. Equipment 38,400 23,400 15,060 Inc. Less: (17,000 ( 11,000) (6,000) Inc. Total $152,380 $116,200 Liabilities and Stockholders Equity Accounts Payable $21,460 $16,400 5,060 Inc. Common Stock 101,460 81,400 20,060 Inc. Retained Earnings 29,460 18,400 11,060 Inc. Total $152,380 $116,200 Net Income of $35,460 was reported, and dividends of $24,400 were paid in 2010. New equipment was purchased and none was sold. MENACHEM CORPORATION Statement of Cash Flows For the Year Ended December 31, 2010 _____________________________________________________________________________________ Cash flows from operating activities Net Income $ 35460 Adjustment to reconcile net income to net cash Provided by operating activities: Depreciation $6000 Increase in accounts payable 5060 Increase in accounts receivable -18060 -7000 Net Cash provided by operating activities 28460 Cash flows from investing activities Purchase of equipment -15060 Cash flows from financing activities Issuance of stock 20060 Payment of dividends -24400 Net increase in cash -4340 Cash at beginning of year ________9060 Cash at end of year 14400 $ 23460 Current Ratio December 31, 2010 January 1, 2010 6.1 ?????????????????? Can not figure out how to do January 1, 2010 ratio Help