Post Test Test I-A Instruction: Determine the following and present using the illustrated format. 1. Net...

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Post Test Test I-A Instruction: Determine the following and present using the illustrated format. 1. Net Income after tax 2. Balance Sheet Income Statement Data: Revenue - 2,588,000 Cost goods sold = 759,677 Taxes = 50,000 Expenses = 888,500 Balance Sheet Data:Althea Drinks and Dine Restaurant Accounts Payable Cash Capital Inventory = 55,200 = 319,200 = 577,200 = 208,000 Property Plant and Equipment = 105,000 Test II Insstruction: Determine the answers of the following ratios: 1. Payback period 2. Return of Investment 3 Return on Sales Data: Investment = 2,500,000 Net Income After Taxes = 600,000 Sales 700,000 9 Post Test Test I-A Instruction: Determine the following and present using the illustrated format. 1. Net Income after tax 2. Balance Sheet Income Statement Data: Revenue - 2,588,000 Cost goods sold = 759,677 Taxes = 50,000 Expenses = 888,500 Balance Sheet Data:Althea Drinks and Dine Restaurant Accounts Payable Cash Capital Inventory = 55,200 = 319,200 = 577,200 = 208,000 Property Plant and Equipment = 105,000 Test II Insstruction: Determine the answers of the following ratios: 1. Payback period 2. Return of Investment 3 Return on Sales Data: Investment = 2,500,000 Net Income After Taxes = 600,000 Sales 700,000 9

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Test 1 Part A Income Statement Althea Drinks and Dine Restaurant For the year ended 31 De... View the full answer