Question 31 10 points Save Answer Determine the following financial ratios for the commercial construction company having both the balance sheet and income statement shown. NOTE: Round answers to four decimal places. Quick Ratio Debt to Equity Ratio Fixed Asset to Net Worth Ratio Gross Profit Margin Degree of Fixed Asset Newness GOLDEN MEADOWS CONSTRUCTION BALANCE SHEET GOLDEN MEADOWS CONSTRUCTION INCOME STATEMENT Current R 1:37 PM 3/17/2021 aestion Completion Status: GOLDEN MEADOWS CONSTRUCTION BALANCE SHEET GOLDEN MEADOWS CONSTRUCTION INCOME STATEMENT Current Year Last Year REVENUES 2.578.95 100 ASSETS CURRENT ASSETS Cash Acounts Receivable-Trade Accounts Receivable Retention Costs and Profits in Excess of Bilings Notes Receivable Prepaid Expenses Other Current Assets Total Current Assets 334,492 244,254 402,854 308 253 25,365 21.885 32,586 15,234 12,548 5.521 4,825 11256 7.225 824,720 601,676 CONSTRUCTION COSTS Material Labor Subcontract Equipment Other 517.564 896514 1,252352 119.575 5452 Total Construction Costs 2.886,457 17.15 25 ON 25 ON 33 02 80.7* 1.0% 0.94 35.435 32.397 21,254 29.245 2254 119.573 EQUIPMENT COSTS Rent and Lease Payments Depreciation Repairs and Maintenance Fuel and Lubrication Taxes, Licenses and insurance Equipment Costs Charged to jobs Equipment Costs Charged to Employees Total Equipment Costs FIXED AND OTHER ASSETS Land Buildings Construction Equipment Trucks and Autos Office Equipment Total Foxed Assets Less Acc. Depreciation Net Ford Assets Other Assets Total Assets 0.6% 0 148.000 72.000 203.82 109,862 95,254 95,284 51.245 31.556 56,296 42.546 555.287 345.243 224,512 182.990 330.775 162.250 128.544 171.256 1,334,019 935, 190 0 0.08 0.0% 692.458 GROSSHORT OVERHEAD 422552 11 N 755 269,926 NET PROFIT FROM OPERATIONS 0.6N 21521 OTHER INCOME AND EXPENSE LIABILITIES Current Liabilities Accounts Payable-Trade Accounts Payable-Retention Bilings in Excess of Costs and Profits Notes Puyable Accrued Payables Accrued Taxes Accrund Vacation PROFIT BEFORE TAXES 291447 8.15 565,458 228,585 12.546 18.254 5,218 11.562 15,514 45.250 15.648 16,658 10,521 8,254 1564 3,002 25 2514 0.9 33434 INCOME TAX 25 PLASTITATS R 137 3/17 O DI hul Remaining Time: 1 hour, 46 minutes, 23 seconds. Question Completion Status: 29.245 1.254 Construction Copment Trucks and Autos Office Equipment Total Assets Less At Depreciation Net Fred Assets Other Auta Total Assets 95,254 95,24 51.245 31,556 6 42,545 555,20 345,248 224,512 182,00 330,725 163,25 173 544 171,256 1,234,019 935, 190 Poland Lubrication Taxes and muce Equipment Cost Charged jobs Equipment ConsCharged to impides Totalment Costs CBN 004 33 0.ON 0 GROSS PROFIT $99.40 19.11 OVERHEAD 27 $52 NET PROFIT FROM OPERATIONS 20.025 75% OTHER NCOME AND EXPENSE 21.521 0.5 PROFIT BEFORE TAXES 2014 BIN LASILITIES Current Lates Accounts Payable-Trade Accounts Payable. Hetention Billings in Excess of costs and Profit Notes Payable Accrued Payables Accrued are Accrued Vacation Other Current abilities Total Current abilities Long Term Liabilities Total Liabilities 565,458 228 SES 12.50 13,254 5,218 11.562 15,514 45,260 15.6 15,658 10,521 8.254 1564 3,002 25.4 15,648 653,907 367,213 153,215 99,073 307,122 465,286 INCOME TAX 33434 PROFIT AFTER TAXES 2011 0 OWNER'S Capital Stock Retained Earnings Current Pried Net Income Total Equity Total tables and Equity 10,000 10,000 556 917 358 904 0 0 S7 368, 34 1.374019R15 100 O E R ? 137 3/17/2