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Q3) GIVEN THE FOLLOWING INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION. MAKE ITS INCOME STATEMENT (2020) STATEMENT OF RETAINED EARNINGS (2020) STATEMENT OF OWNERS EQUITY
Q3) GIVEN THE FOLLOWING INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION. MAKE ITS INCOME STATEMENT (2020) STATEMENT OF RETAINED EARNINGS (2020) STATEMENT OF OWNERS EQUITY (2020) BALANCE SHEET (2020) CALCULATE AND INTERPRET OPERTING PROFIT MARGIN (2020) CALCULATE AND INTERPRET EFFECTIVE TAX RATE (2020) 5 MARKS EACH STATEMENT, 2.5 MARKS FOR RATIOS PENSION LIABILITIES (LONG TERM SALES 2540 2640 9240 BONDS PAYABLE 3300 PURCHASES BEG INVENTORY 132,000 BEGRE 92,400 DIVIDENDS EXPENSE 26,400 DRAWINGS 39,600 BEG OE 650 1980 OPERATING LEASE 13,200 6,600 13,200 ENDING INVENTORY INSURANCE EXP REPAIR AND MENTAINANCE EXP DEPRECIATION EXP (BUILDING AND EQUIPMENT) COMMON STOCK TREASURY STOCK 3,300 190 1320 1980 SUPPLIES EXPENSE AMORTIZATION EXP 1,584 PREFERED STOCK PAID UP CAPITAL IN 1,320 EXCESS 924 CURRENT ASSETS 1,056 NWC BUILDING AND 1,980 EQUIPMENT,NET 26.400 INTEREST EXP 19800 52 800 DIVIDEND INCOME INTEREST INCOME 924 PATENTS NET 18480 20% LAND 21120 TAX EXP (AS OF EBT) LOSS DUE TO SALE OF FA 1,320 0 LONG TERM DEBT 52,061
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