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PLEASE HELP ME!!! The following financial information is for Wildhorse Company. Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land WILDHORSE COMPANY Balance

PLEASE HELP ME!!! The following financial information is for Wildhorse Company. Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land WILDHORSE COMPANY Balance Sheets December 31 Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable 2022 $ 71,000 53,000 107,000 239,000 30,000 130,000 263,000 $171,000 2021 67,000 $67,000 40,000 92,000 168,000 22,000 130,000 $893,000 $704,000 185,000 $104,000 55.000
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The following financial information is for Wildhorse Company. Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2025 Common stock, $10 par Retained earnings \begin{tabular}{rr} $171,000 & $104,000 \\ 67,000 & 55,000 \\ 41,000 & 41,000 \\ 251,000 & 172,000 \\ 200,000 & 200,000 \\ 163,000 & 132,000 \\ \hline \end{tabular} $893,000$704,000 WILDHORSE COMPANY Income Statements For the Years Ended December 31 Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $89,000. 3. Total assets at the beginning of 2021 were $637,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Given below are three independent situations and a ratio that may be affected. For each situation, compute the atfected ratio (1) as of Decermber 31,2022, and (2) as of December 31,2023, after giving effect to the situation. (Round Debt to assets ratio to 0 decimal ploces, eg. 15 and round all other answers to 1 cimol place, eg. 15.5. Round % change to 0 decimol places, for eg. 15 and if % charge is a decrease show the numbers as negative, eg, -18 or (18)). The following financial information is for Wildhorse Company. Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2025 Common stock, $10 par Retained earnings \begin{tabular}{rr} $171,000 & $104,000 \\ 67,000 & 55,000 \\ 41,000 & 41,000 \\ 251,000 & 172,000 \\ 200,000 & 200,000 \\ 163,000 & 132,000 \\ \hline \end{tabular} $893,000$704,000 WILDHORSE COMPANY Income Statements For the Years Ended December 31 Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $89,000. 3. Total assets at the beginning of 2021 were $637,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Given below are three independent situations and a ratio that may be affected. For each situation, compute the atfected ratio (1) as of Decermber 31,2022, and (2) as of December 31,2023, after giving effect to the situation. (Round Debt to assets ratio to 0 decimal ploces, eg. 15 and round all other answers to 1 cimol place, eg. 15.5. Round % change to 0 decimol places, for eg. 15 and if % charge is a decrease show the numbers as negative, eg, -18 or (18))

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