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Provide formulas and values for each of the following three ratios. Don't worry about formatting. Cell reference if you want. Ratio #1: Accounts payable settlement
Provide formulas and values for each of the following three ratios. Don't worry about formatting. Cell reference if you want.
Ratio #1: Accounts payable settlement (days)
Ratio #2: Return on assets
Ratio #3: Total liabilities to total owners' equity ratio
01-January-2022 01-January-2022 01-January-2022 01-January-2022 03-January-2022 14-March-2022 21-March-2022 08-April-2022 15-April-2022 06-December-2022 25-December-2022 31-December-2022 31-December-2022 Transaction Open business bank account with transfer of personal funds EFT for rental of office space. Immediate occupancy. 60 months at $6000 per month. Office equipment purchased for cash to get discount from the retail price of $50,000. Office equipment to be replaced in 5 years. Expect to get $5,000 for old equipment. Bank loan approved and credited to account. Payable in 2025 Credit sales. EFT payment to be received in 90 days. Employee timesheets submitted for work performed. Payment (EFT) to be made in 7 days. Cash sales. Purchased supplies on credit from Office Works. Credit sales. EFT payment to be received in 90 days. Employee timesheets submitted for work performed. Payment (EFT) to be made in 7 days. Recorded estimate for electricity expense. Bill not yet received. Count of supplies revealed showed amount on hand at year-end of ... $380,000 $360,000 $45,000 $5,000 $330,000 $50,500 $7,600 $36,500 $47,000 $39,500 $8,360 $9,300 $14,100Step by Step Solution
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