need solution of both task 2 and events?

more abd missing information about task 2

Fall 2021 Task #2 - Ratios: For Save of Foods Inc., please calculate and explain the following ratios for 2022 and 2023: 1) Current 2) Debt as a % of Assets 3) Equity as a % of Assets 4) Gross profit margin 5) Profit margin 6) Accounts receivable turnover 7) Accounts receivable turnover - Day in accounts receivable 8) Inventory turnover 9) Inventory turnover - Day in inventory Notes: Account Value 2022 Notes 2023 2021 Sales - Cash basis Sales - On account 120.000 115,000 110.000 Customers pay SOF immediately with cash. 3,000 2.000 Customers are given 30 days to pay SOF. 5.000 Sales - Total 125,000 118,000 112,000 Round as follows: Percentage 95.44%= 95.4% . 95.45% = 95.5% Do not show percentages as "0.30, show as 30% Numbers 95.44 = 95.4 95.45 = 95.5 Business Administration 285 Assignment #2 Fall 2021 Events: Dec 28, 2022 - SOFfeels that there is a chance that the 5400 of A/R from Joey could not be collected. This is due to the customer not being happy with the product(s) they purchased; however, they are not able to return food after 10 days. Dec 30, 2022 - SOF updates its allowance for doubtful accounts (if needed). Jan 10, 2023 - SOF is notified that Joey will not be paying their $400 of A/R. Based upon this notification SOF decided to officially write off the $400 of A/R. Jan 30, 2023 - SOF updates its allowance for doubtful accounts (if needed) Feb 15, 2023 - SOF receives the following cheques: Customer Sale Date Cheque Amount . 180 100 60 150 Milu Browns Social House Dec 1, 2022 Extreme Pita Dec 1, 2022 Regina Pho Dec 1, 2022 Joey Nov 1, 2022 Nov 1, 2022 Regina Pho Oct 1, 2022 40 No other indications of not paying has been received from customers. Feb 28, 2023 - SOF updates its allowance for doubtful accounts (if needed). Required: a) Journal Entries: Journal Entries - Prepare the required journal entries for the above dates using the "Direct Write-oft" method. b) Financial Statements: What will the NBV of the Accounts Receivable be on the Dec 31, 2022 statement of financial position? c) Financial Statements: What will the NBV of the Accounts Receivable be on the Feb 28, 2023 statement of financial position? Save of Foods Statement of Financial Position As at December 31, 2023 2022 2021 Assets Current assets Shorties Accounts receivable brventory Total current 8.000 1.000 1000 9000 19.000 5.000 2.000 1500 10 000 18.500 6.000 2.000 1.200 000 17.200 Non-current sets PP&E-Land PPSE-Buildings PPSE-Equipment and fixtures Total Assets 6.000 10.000 2.000 38.000 6.000 11.000 1500 37.000 6.000 8.000 1800 33.000 Liabilities and Shareholders Equity Current liabilities Accounts payable Uneamed revenue Current portion of long-term debit Total currenties 4300 700 1000 6.000 4200 800 1000 5.000 5,000 1.000 t000 7.000 Non-current liabilities Langermet Total Liabiles 6000 12.000 7.000 13.000 8.000 15.000 Shareholders equity Shares Reinderinge Total Shareholders Equity 4.000 22 000 DO 3.000 21 000 24.000 3.000 15.000 18.000 Total Liabilities and Shareholders Equby 38.000 27.000 33.000 Save on Foods Inc Statement of income For year ending December 31, 2023 2023 2022 2021 Revenue Sales Total revenue 125.000 125.000 118.000 118.000 112.000 112.000 Expenses Cost of goods sold Selling and general administrative expenses Advertising Total expenses 90.000 12.000 2000 104.000 19.000 13000 1000 103.000 85.000 11 000 1.000 97.000 21000 15.000 15.000 Income from operations Other Income and expenses Interest income Interest expense 1.500 500 2.000 11.000 1.000 1000 Income before corporate income taxes Corproate income tas 22.000 4000 16.000 3.000 15.000 2.000 Net income 13.000 13000 13,000 Other income and expenses Interest income Interest expense 1.500 (500) 2.000 (1.000 1.000 (1.000) Income before corporate income taxes Corproate income taxes 22.000 4.000 16.000 3.000 15.000 2.000 Net income 18.000 13000 13.000 Save of Foods Inc. Statement of Retained Earnings For year ending December 31, 2023 2023 2022 2021 Retained earnings, beginning of year Net Income for year 21.000 18,000 15.000 13.000 6.000 13.000 Dividends declared Retained earnings, end of year (17000) 22.000 7000) 21 000 (4.000) 15 000