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QS. A). Use the information below to prepare a balance sheet for XYZ Incorporation for the year ended December 31, 2020 in USD. B). Use

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QS. A). Use the information below to prepare a balance sheet for XYZ Incorporation for the year ended December 31, 2020 in USD. B). Use your results to find out 1. Debt ratio, 2. Net Working Capital . C). Show the common-size Balance sheet. D) find the EPS if number of outstanding shares is one million shares (5 marks) Net income $550000 Selling expenses $120000 Gross fixed assets $50000 Cash $ 20000 Depreciation expenses $30000 Other assets $5000 Accumulated Depreciation $30000 Marketing expenses $100000" Common stock $43000 Short-term notes payable 22000 Accounts payable $35000 Sales $300000 Inventories S 122000 Retained earnings $ 102000 Long-term bonds payable $15000 Accounts receivables $60000 Long-tem notes payable $10000 Depreciation Expenses $13000 Cost of goods sold $160000

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