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Please prepare the Balance Sheet of Mellarks Baked Goods. Thereafter, please calculate and make the analysis for the following ratios: a. Current ratio b. Quick
Please prepare the Balance Sheet of Mellarks Baked Goods. Thereafter,
please calculate and make the analysis for the following ratios:
a. Current ratio
b. Quick (acid-test) ratio
c. Debt ratio
d. Debt/equity ratio
Item Accounts payable Accounts receivable Accruals Accumulated depreciation Buildings Cash Common stock (at par Cost of goods sold Depreciation expense Equipment Furniture and fixtures General expense Value (5000) at December 31, 2019 $ 220 450 55 265 225 215 90 2,500 45 140 Value ($000) at Item December 31, 2019 Inventories $ 375 Land 100 Long-term debes 420 Machinery 420 Marketable securities 75 Notes payable 475 Paid-in capital in excess of par 360 Preferred stock Retained carnings 210 Sales revenue 3,600 Vehicles 25 100 170 320Step by Step Solution
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