Please complete ALL requirements

please complete ALL requirements

The followin Data table Requirements To better compare the two companies, Arnold wants you to prepare the following analysis: 1. Show the computation of LTech's cost of goods sold in 2021 using the LIFO method. 2. Prepare summary joumal entries for 2021 for LTech's purchases of inventory (assume all purchases are on account), sales (assurne all are on account), and cost of goods sold. A T-account has been set up for inventory. Post these transactions into the T-account. The company uses the perpetual inventory method. 3. Show the computation of LTech's cost of goods sold for 2021 using the FIFO method. 4. Compute the gross profit percentage for 2021 for both HeadStart and LTech using FIFO figures for both. 5. Compute the inventory tumover for 2021 for both HeadStart and LTech using FIFO figures for both. 6. Which company appears stronger? Support your answer. Amold Financial Management believes that the biotechnology industry is a good investment and is considering Requirement 1. Show the computation of LTech's cost of goods sold in 2021 using the LIFO method. Requirement 2. Prepare summary journal entries for 2021 for LTech's purchases of joventory (assume all purchases are on account), sales (assume all are on account), and cost of goods sold? A T-account has been set up for inventory. Post these transactions into the T-account. The company uses the perpetual inventory method. (Record debits first, then credits. Exclude explanations from any journal entries.) First record LTech's purchases of inventory (assume all purchases are on account). tirst record Ll lech's purchases of inventory (assume all purchases are on account). Next record LTech's sales (assume all are on account). Arnold Financial Management believes that the biotechnology industry is a good investment and is considering Finally, record LTech's cost of goods sold. Post these transactions into the T-account for inventory. Amold Financial Management believes that the biotechnology industry is a good investment and is considering Requirement 3. Show the computation of LTech's cost of goods sold for 2021 using the FIFO method. Requirement 4. Compute the gross profit percentage for 2021 for both HeadStart and LTech using FIFO figures for both. (Round your answers to the nearest tenth of a percent, XXX%.) . . Arnold Financial Management believes that the biotechnology industry is a good investment and is considering both. (Round your answers to one decimal place, XX.X). Requirement 6. Which company appears stronger? Support your answer, (Enter amounts rounded to three decimal places, XXX. For the purpose of this analysis, assume that a gross profit percentage of 30% or more is considered strong in this industry) Comparing LTech with Headstart, LTech has a gross profit percentage which indicates that LTech has gross profit of of every sales dollar. HeadStart has gross plyit LTech has a of $ of every sales dollar. inventory turnover than HeadStart. Overall, compared to the industry average, Data table Requirements To better compare the two companies, Arnold wants you to prepare the following analysis. 1. Show the computation of LTech's cost of goods sold in 2021 using the LIFO method. 2. Prepare summary journal entries for 2021 for LTech's purchases of inventory (assume all purchases are on account), sales (assume all are on account), and cost of goods sold. A T-account has been set up for inventory. Post these transactions into the T-account. The company uses the perpetual inventory method. 3. Show the computation of LTech's cost of goods sold for 2021 using the FIFO method. 4. Compute the gross profit percentage for 2021 for both HeadStart and LTech using FIFO figures for both. 5. Compute the inventory turnover for 2021 for both HeadStart and LTech using FIFO figures for both. 6. Which company appears stronger? Support your answer. Arnold Financial Management believes that the biotechnology industry is a good investment and is considering investing in one of two companies. However, one company. HeadStart, Inc., uses the FIFO method of inventory, and another company, LTech, Inc., uses LIFO. Because the companies use two different methods and because LTech is a much larger company, it is difficult to compare their net incomes to see which is a better investment. The following information about the two companies is available from their annual reports: (Click the icon to view the data.) Read the Requirement 1. Show the computation of LTech's cost of goods sold in 2021 using the LIFO method. Plus: Goods avallable Less: Cost of goods sold - 2021 Reauirement 2. Preoare summarv lournal entries for 2021 for LTech's durchases of inventorv lassume all Arnold Financial Management believes that the biotechnology industry is a good investment and is considering Requirement 2. Prepare summary journal entries for 2021 for LTech's purchases of inventory (assume all purchases are on account), sales (assume all are on account), and cost of goods sold. A T-account has been set up for inventory. Post these transactions into the T-account. The company uses the perpetual inventory method. (Record debits first, then credits. Exclude explanations from any jourmal entries.) First record LTech's purchases of inventory (assume all purchases are on account). Next record LTech's sales (assume all are on account) Next record LTech's sales (assume all are on account). Finally, record LTech's cost of goods sold. Arnold Financial Management believes that the biotechnology industry is a good investment and is considering Post these transactions into the T-account for inventory. Requirement 3. Show the computation of LTech's cost of goods sold for 2021 using the FIFO method Arnold Financial Management believes that the biotechnology industry is a good investment and is considering Requirement 4. Compute the gross profit percentage for 2021 for both HeadStart and LTech using FIFO figures for both. (Round your answers to the nearest tenth of a percent, XXX X\%.) Requirement 5. Compute the inventory tumover for 2021 for both HeadStart and LTech using FIFO figures for both. (Round your answers to one decimal place, XXXX ). Inventory Arnold Financial Management believes that the biotechnology industry is a good investment and is considering Requirement 3 . Compute the inventory turnover tor 2021 tor both HeadStart and Llech using HIVU figures for both. (Round your answers to one decimal place, XXX X) Requirement 6. Which company appearhstronger? Support your answer. (Enter amounts rounded to three decimal places. XXX. For the purpose of this analysis, assume that a gross profit percentage of 30% or more is considered strong in this industry.) Comparing LTech with HeadStart, LTech has a gross profit percentage which indicates that LTech of every sales dollar. HeadStart has gross profit has gross profit of of 5 of every sales dollar. LTech has a inventory turnover than HeadStart Overall, compared to the industry average, The followin Data table Requirements To better compare the two companies, Arnold wants you to prepare the following analysis: 1. Show the computation of LTech's cost of goods sold in 2021 using the LIFO method. 2. Prepare summary joumal entries for 2021 for LTech's purchases of inventory (assume all purchases are on account), sales (assurne all are on account), and cost of goods sold. A T-account has been set up for inventory. Post these transactions into the T-account. The company uses the perpetual inventory method. 3. Show the computation of LTech's cost of goods sold for 2021 using the FIFO method. 4. Compute the gross profit percentage for 2021 for both HeadStart and LTech using FIFO figures for both. 5. Compute the inventory tumover for 2021 for both HeadStart and LTech using FIFO figures for both. 6. Which company appears stronger? Support your answer. Amold Financial Management believes that the biotechnology industry is a good investment and is considering Requirement 1. Show the computation of LTech's cost of goods sold in 2021 using the LIFO method. Requirement 2. Prepare summary journal entries for 2021 for LTech's purchases of joventory (assume all purchases are on account), sales (assume all are on account), and cost of goods sold? A T-account has been set up for inventory. Post these transactions into the T-account. The company uses the perpetual inventory method. (Record debits first, then credits. Exclude explanations from any journal entries.) First record LTech's purchases of inventory (assume all purchases are on account). tirst record Ll lech's purchases of inventory (assume all purchases are on account). Next record LTech's sales (assume all are on account). Arnold Financial Management believes that the biotechnology industry is a good investment and is considering Finally, record LTech's cost of goods sold. Post these transactions into the T-account for inventory. Amold Financial Management believes that the biotechnology industry is a good investment and is considering Requirement 3. Show the computation of LTech's cost of goods sold for 2021 using the FIFO method. Requirement 4. Compute the gross profit percentage for 2021 for both HeadStart and LTech using FIFO figures for both. (Round your answers to the nearest tenth of a percent, XXX%.) . . Arnold Financial Management believes that the biotechnology industry is a good investment and is considering both. (Round your answers to one decimal place, XX.X). Requirement 6. Which company appears stronger? Support your answer, (Enter amounts rounded to three decimal places, XXX. For the purpose of this analysis, assume that a gross profit percentage of 30% or more is considered strong in this industry) Comparing LTech with Headstart, LTech has a gross profit percentage which indicates that LTech has gross profit of of every sales dollar. HeadStart has gross plyit LTech has a of $ of every sales dollar. inventory turnover than HeadStart. Overall, compared to the industry average, Data table Requirements To better compare the two companies, Arnold wants you to prepare the following analysis. 1. Show the computation of LTech's cost of goods sold in 2021 using the LIFO method. 2. Prepare summary journal entries for 2021 for LTech's purchases of inventory (assume all purchases are on account), sales (assume all are on account), and cost of goods sold. A T-account has been set up for inventory. Post these transactions into the T-account. The company uses the perpetual inventory method. 3. Show the computation of LTech's cost of goods sold for 2021 using the FIFO method. 4. Compute the gross profit percentage for 2021 for both HeadStart and LTech using FIFO figures for both. 5. Compute the inventory turnover for 2021 for both HeadStart and LTech using FIFO figures for both. 6. Which company appears stronger? Support your answer. Arnold Financial Management believes that the biotechnology industry is a good investment and is considering investing in one of two companies. However, one company. HeadStart, Inc., uses the FIFO method of inventory, and another company, LTech, Inc., uses LIFO. Because the companies use two different methods and because LTech is a much larger company, it is difficult to compare their net incomes to see which is a better investment. The following information about the two companies is available from their annual reports: (Click the icon to view the data.) Read the Requirement 1. Show the computation of LTech's cost of goods sold in 2021 using the LIFO method. Plus: Goods avallable Less: Cost of goods sold - 2021 Reauirement 2. Preoare summarv lournal entries for 2021 for LTech's durchases of inventorv lassume all Arnold Financial Management believes that the biotechnology industry is a good investment and is considering Requirement 2. Prepare summary journal entries for 2021 for LTech's purchases of inventory (assume all purchases are on account), sales (assume all are on account), and cost of goods sold. A T-account has been set up for inventory. Post these transactions into the T-account. The company uses the perpetual inventory method. (Record debits first, then credits. Exclude explanations from any jourmal entries.) First record LTech's purchases of inventory (assume all purchases are on account). Next record LTech's sales (assume all are on account) Next record LTech's sales (assume all are on account). Finally, record LTech's cost of goods sold. Arnold Financial Management believes that the biotechnology industry is a good investment and is considering Post these transactions into the T-account for inventory. Requirement 3. Show the computation of LTech's cost of goods sold for 2021 using the FIFO method Arnold Financial Management believes that the biotechnology industry is a good investment and is considering Requirement 4. Compute the gross profit percentage for 2021 for both HeadStart and LTech using FIFO figures for both. (Round your answers to the nearest tenth of a percent, XXX X\%.) Requirement 5. Compute the inventory tumover for 2021 for both HeadStart and LTech using FIFO figures for both. (Round your answers to one decimal place, XXXX ). Inventory Arnold Financial Management believes that the biotechnology industry is a good investment and is considering Requirement 3 . Compute the inventory turnover tor 2021 tor both HeadStart and Llech using HIVU figures for both. (Round your answers to one decimal place, XXX X) Requirement 6. Which company appearhstronger? Support your answer. (Enter amounts rounded to three decimal places. XXX. For the purpose of this analysis, assume that a gross profit percentage of 30% or more is considered strong in this industry.) Comparing LTech with HeadStart, LTech has a gross profit percentage which indicates that LTech of every sales dollar. HeadStart has gross profit has gross profit of of 5 of every sales dollar. LTech has a inventory turnover than HeadStart Overall, compared to the industry average