Prepare the following Ratios for January 2021:

Current Ratio

Acid-Test Ratio

Debt Ratio

Profit Margin Ratio

Gross Margin Ratio

W Download Share Accounting Il Practice Set 2020 ACC 112-4W1 Spring (1).docx File Edit Format Tools Help o na 5 Q a Normal . BI U A - A E TE E Credits Debits 423,615.00 $ 25,000.00 540.00 100.00 15,000.00 7,200.00 8,000.00 500.00 1,600.00 375,000.00 500,000.00 72,000.00 70,000.00 17,500.00 Account ID Account Description 1001 Cash 1021 Accounts Receivable 1022 Allowance for Doubtful Acc 1027 Interest Receivable 1031 Notes Receivable 1051 Merchandise Inventory 1101 Store Supplies 1111 Office Supplies 1125 Prepaid Insurance 1401 Land 1411 Building 1412 Accum Dep: Building 1431 Office Equipment 1432 Accum Dep: Office Equipm 1451 Store Equipment 1452 Accum Depr: Store Equipm 1501 Patents 2001 Accounts Payable 2005 Income Taxes Payable 2031 Interest Payable 2101 Notes Payable long term 2301 Bonds Payable 2303 Discount on Bonds Payable 3001 Preferred Stock 3011 Common Stock 3101 Paid in Capital In Excess of par: Prefer 3111 Paid in Capital In Excess of par: Com 3121 Paid in Capital Treasury Stock 3300 Retained Earnings 3351 Treasury Stock 95,000.00 15,800.00 65,000.00 30,000.00 12,500.00 5,500.00 325,000.00 375,000.00 10,500.00 210,000.00 120,000.00 61,250.00 295,000.00 90,000.00 850.00 90,000.00 W Accounting Il Practice Set 2020 ACC 112-4W1 Spring (1).docx File Edit Format Tools Help Download Share o n @ Q Normal . . BI VA - A ESE ES 275,575.00 750.00 5,250.00 50.00 4001 Sales Revenue 4002 Sales Discount 4003 Sales Returns & Allowances 4101 Interest Revenue 5001 Cost of Goods Sold 5010 Insurance Expense - General 5012 Repairs Expense: Office 5015 Depreciation Expense: Building - General 5020 Depreciation Exp: Office Eq 125,500.00 300.00 2,100.00 9,000.00 2,500.00 5025 Supplies Expense - Selling 5027 Utilities Expense: Office 5030 Office Salaries Expense 5035 Office Payroll Tax Expense 6005 Depreciation Exp: Store Eq 6010 Amortization Expense: Pat - General 6015 Sales Salaries Expense 6020 Sales Payroll Tax Expense 6022 Utilities Expense: Store 6025 Delivery Expense - General 6030 Repairs Expense: Store 6040 Bad Debts Expense - Selling 7001 Interest Expense 2,400.00 1,100.00 25,000.00 7,000.00 800.00 800.00 20,000.00 5,600.00 1,200.00 1,500.00 750.00 2,000.00 6,500.00