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please help 50pts of my grade need urgent help thank you J. Kruk Inc. Income Statement For years ended December 31, 2017 and 2018 J.
please help 50pts of my grade need urgent help thank you
J. Kruk Inc. Income Statement For years ended December 31, 2017 and 2018 J. Kruk Inc. Comparative Balance Sheets December 31, 2018 and 2017 2017 Change 2018 2017 Current assets: Sales (all on credit) Cost of goods sold Gross margin $683,000 $649,000 (363000) (298,000) 320,000 351,000 Cash Accounts receivable (net) Inventory Prepaid expenses Other current assets $60,100 $35,750 34,000 7000 44,000 2,000 4,000 -2,200 3,900 1350 187.200146,000 41.200 $95,850 41,000 46,000 37,000 52,000 50 Depreciation expense Other operating expenses Total operating expenses Operating income 147000 122,000 Total current assets 184,000 174,000 136000 177000 Long-term Investments 84000 58,000 310,000 259,000 51,000 (78.600)(52000) 26,600 231400207000 24400 Other income expenses) Plant assets Less: accumulated (4,800) 3,600) depreciation 6,800 4,800 Total plant assets (4000) (4800) Total assets Interest expense Gain on sale of investments Loss on sale of plant assets Total other income 502600 11000 91600 (15,600) (3,600) (15,600) (3,600 expenses) Current liabilities Income before income taxes Income taxes expense Net income $27400 7,200 3,200 37,800 134,000 173,400 Accounts payable $28,000 $-600 6,000 1,200 12000 8800 46,000 -8.200 (40.200) (52,020 $93,800 $121,380 Accrued liabilities Income taxes payable Total current liabilities J. Kruk Inc. Statement of Retained Earnings For the year ended December 31, 2018 Long term liabilities: Notes Payable 242.000 279,800 180,000 62,000 226,000 53,800 Total liabilities Stockholders' equity value 2018 2017 Ret. earnings, Jan. 1 Add: net income Deduct: Dividends Increase in retained earnings Ret. earnings, Dec. 31 $35,000 93,800 121380 Common stock, $5 par (56.000 (86.380) Additional paid-in capital 30,000 30,000 $0 120,000 120,000 72800 35000 37800 185,000 37800 37,800 35,000 Retained earnings $72800 $35,000 Total stockholders' equity 222.800 Total liabilities and stockholders' equity $502600 $411000 $91600 Other information Shares of common stock outstanding Farnings per share 24000 24.000 $3.91 $5.06 Other information: Shares of common stock outstanding Earnings per share Dividends per share Market price per share, common stock 24.000 24,000 $3.91 $5.06 $2.33 $3.6 $16 $12 Cash Flows from Oper Horiz Analysis Inc St Horiz Analysis Vertic Analysis Vertic Analysis Inc St Ratios Bal St Bal Sheet nter Numerator Choose Numerator Enter Denominator Value Ratio Choose Denominator Current ratio Acid-test ratio Inventory turnover Days' sales in inventory Accounts receivable turnover Days' sales in receivables Total asset turnover Debt-to-equity ratio Profit margin Return on total assetsStep by Step Solution
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