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Prepare an income statement, statement of retained earnings and balance sheet. Also calculate profit margin, current ratio, working capital, asset turnovers and debt ratio Problem
Prepare an income statement, statement of retained earnings and balance sheet. Also calculate profit margin, current ratio, working capital, asset turnovers and debt ratio
Problem # 1 Cash.... 13,000 6,100 Uneaned subscription revenue...*... 21,000 Retained earnings.... Subscription revenueww.. 49,700 Salaries expense.. Printing and mailing expense5,600 Rent expene Insurance expensew 1,60 ....$324,820 $324,820 Required: Prepare an Income Statement, a statement of Retained Earnings and a Balanee Sheet. Also calculate profit margin, current ratio, working capital, assets turnover and debt ratio Step by Step Solution
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