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PLEASE SOLVE ASAP Total Assets = $8,992,186. Total Assets = $10,930,980. Total Assets = $11,398,880. Total Assets = $13,350,410. Accrued Expense = $959,284. Accrued Expense

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Total Assets = $8,992,186.
Total Assets = $10,930,980.
Total Assets = $11,398,880.
Total Assets = $13,350,410.
Accrued Expense = $959,284.
Accrued Expense = $1,628,304.
Accrued Expense = $742,186.
Accrued Expense = $1,500,000.
Acid-Test Ratio = 1.1311
Acid-Test Ratio = 2.0717
Acid-Test Ratio = 2.3456
Acid-Test Ratio = 3.6859
Return-on-Equity Ratio = 0.2020
Return-on-Equity Ratio = 0.2265
Return-on-Equity Ratio = 0.2573
Return-on-Equity Ratio = 0.3296
Windsor Tool Inc. bought land and built its plant 10 years ago. Land is not depreciated. The depreciation on the Building and Plant is calculated using the Straight-Line Depreciation method, with a life of 20 years and a salvage value of $1,000,000. The depreciation for the Equipment, all of which was purchased at the same time the plant was built, is calculated using Declining-Balance method with depreciation rate d=15%. Complete the following Balance sheet and find: Total Assets = ? Accrued Expense = ? Acid-Test Ratio = ? Return-on-Equity Ratio = ? \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{\begin{tabular}{c} XYZ Industries \\ Balance Sheet (as of June 30, 2022) \end{tabular}} \\ \hline \multicolumn{2}{|c|}{ Assets } & \multicolumn{2}{|c|}{ Liabilities and Owners' Equity } \\ \hline Current Assets & & Current Liabilities & \\ \hline Cash & 1,500,000 & Accounts Payable & 600,000 \\ \hline Accounts Receivable & 500,000 & Notes Payable & 150,000 \\ \hline Securities & 1,500,000 & Accrued Expense & ? \\ \hline Inventories & 1,500,000 & Total Current Liabilities & \\ \hline Prepaid Expenses & 500,000 & & \\ \hline \multirow[t]{2}{*}{ Total Current Assets } & & Long-Term Liabilities & \\ \hline & & Mortgage & 250,000 \\ \hline Long-Term Assets & & Long-Term Debt & 750,000 \\ \hline Land & 1,500,000 & Total Long-Term Liabilities & 1,000,000 \\ \hline Building and Plant & 2,000,000 & & \\ \hline \multirow[t]{2}{*}{ Less accumulated depreciation } & - & Owners' Equity (Net Worth) & \\ \hline & & Preferred Shares & 1,500,000 \\ \hline Equipment & 2,500,000 & Common Shares & 3,500,000 \\ \hline \multirow[t]{2}{*}{ Less accumulated depreciation } & & Retained Earnings & 1,500,000 \\ \hline & & Total Owners' Equity & 6.500,000 \\ \hline \multicolumn{4}{|l|}{ Total Long-Term Assets } \\ \hline & & \multirow[t]{2}{*}{ Total Liabilities and Owners' Equity } & \\ \hline Total Assets & ? & & \\ \hline \multicolumn{4}{|c|}{\begin{tabular}{l} Income Statement for XYZ Industries \\ (July 1, 2021 - June 30,2022 ) \end{tabular}} \\ \hline \multicolumn{2}{|l|}{ Revenues } & \multicolumn{2}{|l|}{ Expenses } \\ \hline Sales & 8,500,000 & Operating Expenses & 850,019 \\ \hline Cost of Goods Sold & 4,950,000 & Depreciation Expense & 346,981 \\ \hline \multirow[t]{7}{*}{ Gross Profit } & 3,550,000 & Interest Expense & 350,000 \\ \hline & & Total Expenses & 1,547,000 \\ \hline & & Net Income Before Taxes & 2,003,000 \\ \hline & & Income Taxes (26.5\%) & 530,795 \\ \hline & & Net Income before extraordinary item & 1,472,205 \\ \hline & & Extraordinary Gain & 200,000 \\ \hline & & Net Income & 1,672,205 \\ \hline \end{tabular}

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