Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need the Ratios Please, not sure where to find most of them. A Bvte of Accountina Income Statement For Year Ending December 31, 2021 Revenues

Need the Ratios Please, not sure where to find most of them. 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 Bvte of Accountina Income Statement For Year Ending December 31, 2021 Revenues Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Rent Expense Salary Expenso Advertising Expense Repairs \& Maint. Expense Supplies Expense Insurance Expense Depreciation Expense Bad Debt Expense. Telephone Expense Total Operating Expenses A Byte of Accounting, Inc. Statement of Stockholders' Equity For Year Ending December 31.2021 Balance, Beginning of Period issue of Common Stock Cash Dividends Net Income Balance, End of Period A Byte of Accounting Balance Sheet As of December 31, 2021 Assols Current Assets Long-Term Assets Office Equipmork Accum. Dopr.-Office Equipment Net Otico Equipment Computer Equigment Aocum. Depr-Computer Equipment Net Computor Equipment Total Lona-Term Acsots Total Assots 70,720,94381,14964 Liabllities Current Llabilities Accourts Payable Advanced Paymeet Interest Payable Salaries Payable Income Taxes Payable Total Current-liabilites Long-Term Liabilities Noles Pryable Bond Payable Premium on Bond Payable Net Bond Payable Totd Loro-Term Liabilities Todal Labilites Stochholder's Equity Statement of Cash Flows - Indirect Method For Year Ending December 31, 2021 Cash Flow from Operating Activities Net Income Adjustments to reconcile net income to net cash 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 tax payable Net cash flows from operations Cash Flows from Investing Activities Purchase of equipment Net cash flows from investing activities (510.00) Cash Flows from Financing Activities Issuance of common stock Proceeds from issuance of bonds payable Payment of cash dividends Net cash flows from financing activities Net increase (decrease) in cash Cash at the beginning of the period Cash at the end of the period $(510.00) \$ 23,214,24 (510.00)6,387.169,091.407.350.004.441.40 Noncash Activities Purchased equipment by issuing note payable \begin{tabular}{|l|l|} & 236,387.16 \\ \hline$ & 259,091.40 \\ \hline & 217,350.00 \\ \hline \hline & 476,441.40 \\ \hline & \\ \hline & \\ \hline$ & 4,590.00 \\ \hline \end{tabular} Required: Complete the ratlos and the open ended questions and then upload your file to CyberTextcom for grading. Round b two decimal 7 Basic Earnings per Stare =NumberdCommonSrwesOistanangCishflowFiomOperatars places a Roundinumber 2 il 11 12 12 =ToridssotsNetsades invertary Turnover Rato = Cosi of Goods sold Book Value per Common Share =SlocktidersEqutyfqplicatletoCommonSheresCostatGoodsSold Dayy' Sales in invertary Ending Imertary 365 Deys 24 Price-Earnigs Raco Maket Pice Por Common Shace 77 Acid-Test Rabo =ToadibilitesNedsides Returion Assels =TTen/AssetsNotincome Accout Reseivatie Tunorer Raso Prot Magin Rawo =NarBaNethaome Daix Rado Conh fiow on Tola Msols Cash Flow From Operations Average Toa Astat Dodelo Equiy Rato Tod Labalites Dividens Yield Stachider' Fquily Appicatie to Common sharea Marea thice Per cominon shere Groes Margin Raso Days' Sales Uncollected Acourit Receivatie, Ned 365 dyy Times lrierest Earned Income fielore literest Expense and incone Tax fixpense Currert Raco Use complele sertences to complede the fill in

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