Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PROBLEM 2 The following table is the information of financial record in PT. ComputerX year 2019 Accounts payable Accounts receivable Accumulated depreciation of buildings &

image text in transcribed

PROBLEM 2 The following table is the information of financial record in PT. ComputerX year 2019 Accounts payable Accounts receivable Accumulated depreciation of buildings & equipment Cash Common stock Cost of goods sold Depreciation expense General & admin expense Gross buildings & equipment Interest expense Inventory Long-term debt Net buildings & equipment Notes payable Retained earnings Sales Taxes 5000 9800 34000 17300 45000 6300 500 850 122000 900 6500 55000 88000 600 16000 13100 20% Your tasks are to make: a. The income statement from this given information b. The Balance sheer from this given information c. Calculation of the asset management ratios and give your analysis from those ratios

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Finance

Authors: Eddie McLaney

11th Edition

1292134402, 9781292134406

More Books

Students also viewed these Finance questions

Question

Is currency risk a barrier to international investment?

Answered: 1 week ago