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Principle of Accounting Assignment (2) 1. Superman started her business (Superman Courier System) on January 1, 2018. During the first month of its operations, the
Principle of Accounting Assignment (2) 1. Superman started her business ("Superman Courier System") on January 1, 2018. During the first month of its operations, the business engaged in the following transactions: Instructions: a) Journalize the transactions with explanations. b) Post the transactions in the ledger account. c) Prepare a Trial Balance for Jan 31, 2018. Required A) Calculate the following Ratios for the year 2015 and also analyze the liquidity, profitability and solvency of the company based on these ratios: Current Ratio, Quick Ratio, Accounts Receivable turnover, Profit Margin, ROA, Return on Common Stockholders' Equity, debt to asset, times interest earned ratio. Principle of Accounting Assignment (2) 1. Superman started her business ("Superman Courier System") on January 1, 2018. During the first month of its operations, the business engaged in the following transactions: Instructions: a) Journalize the transactions with explanations. b) Post the transactions in the ledger account. c) Prepare a Trial Balance for Jan 31, 2018. Required A) Calculate the following Ratios for the year 2015 and also analyze the liquidity, profitability and solvency of the company based on these ratios: Current Ratio, Quick Ratio, Accounts Receivable turnover, Profit Margin, ROA, Return on Common Stockholders' Equity, debt to asset, times interest earned ratio
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