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Prepare an income statement, a statement of returned income, and a balance sheet. Also calculate profit margin, current ratio, working capital, assets turnovers and debt

Prepare an income statement, a statement of returned income, and a balance sheet. Also calculate profit margin, current ratio, working capital, assets turnovers and debt ratio. image text in transcribed
Problem # 3 4,800 5,250 Accounts receivable 3,000 Prepaid dvertising 10,000 ,600 2,100 1,200 6,700 Accounts payable Uneamed service fees Common stock Retained eamings 7,500 Service fees eamed Wages expense 29,800 10,200 4,900 5.,100 8,000 Supplies expense Depreciation expense-Trucks. Totals.. $126,550 $126,550 Required: Prepare an Income Statement, statement of Retained Earnings anda Balance Sheet. Also calculate profit margin, current ratio, working capital, assets turnover and debt ratio

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