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Please make an income statement; statement of retained earnings and a balance sheet . And figure out: Profit Margin B) Current ratio C) Working Capital
Please make an income statement; statement of retained earnings and a balance sheet.
And figure out:
- Profit Margin B) Current ratio C) Working Capital D) Assets Turnover
E) Fixed Assets Turnover F) A/R Turnover G) Debt Ratio
INDOORS, INC Adjusted Trial Balance December 31,2017 Debit 5,400 18,600 4,200 930 70,000 Credit Cash Accounts receivable Supplies Prepaid Insurance Office Equipment Accumulated depreciation Building Accumulated depreciation Land Bonds Payable Accounts payable Unearned subscription revenue Salaried Pavable Common Stock Retained Earnings Subscription Revenue Advertising Revenue Salaries Expense Printing and mailing expense Rent Expense Supplies Expense Insurance Expense Depreciation Expense Income Tax Expense Totals 13,000 80,000 20,000 60,000 120,000 16,100 10,000 3,500 53,000 21,220 198,700 39,300 145,230 80,800 14,100 6,600 1,860 5,600 1,500 $494,820 $494,820Step by Step Solution
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