Question a, b, c and d has be solved! I am uploading the answers as well. I am requesting the answers for (e): (i) - (xiv)

Following down is the main question.

***I need solution for the questions mentioned below this text!***

Below I am attaching the images that contains answers for (a) - (d)

I need solution for

(i) Return on assets ratio

(ii) Return on equity ratio

(iii) Gross profit percentage

(iv) Return on sales ratio

(v) Net income to sales ratio

(vi) Earnings per share

(vii) Dividend payout ratio

(viii) Receivables turnover ratio

(ix) Inventory turnover ratio

(x) Asset turnover ratio

(xi) Current ratio

(xii) Quick ratio

(xiii) Debt to equity ratio

(xiv) Debt to assets ratio

Thank you!

11. Comprehensive Problem - Part 4 This problem is a continuation of Problem #13 in Chapter 4 The account balances as at December 31, 2018 are as follows: Cash $602,900; Accounts receivable $10,000; Merchandise inventory $3,000 Prepaid rent $3,150; Equipment $55,000; Accumulated depreciation $13,750; Land $40,000; Accounts payable $0; Long-term note payable $200,000; Common shares $440,000; and Retained earnings $60,300. The following transactions and events occurred in 2019. Jan. 1 Issued $50,000 of 5% preferred shares for cash. Jan. 1 Sold the equipment at its written-down value (book value) for cash Jan. 1 Acquired new equipment for $150,000 cash. The new equipment has an estimated useful life of 15 years and no expected residual value. Apr. 1 Purchased inventory for $80,000 cash from ordinary suppliers. July 1 Paid rent in advance of $3,200 on a six-month office lease. Aug. 1 Made cash sales of $150,000. The related cost of goods sold was $65,000. Sept. 1 Purchased additional land for cash of $20,000. Oct. 31 All remaining accounts receiv ole were collected Dec. 30 Various operating expenses totalled $40,000. All were paid in cash except for $5,000 for utilities, which will be paid in January Dec. 31 Paid the annual dividend on the preferred shares, and a 5- cent dividend per common share. Dec. 31 Paid the interest on the bank loan. Dec. 31 Recorded depreciation for the new equipment. Dec. 31 Recorded rent expense for 2019. Dec. 31 Paid cash of $3,800 for income taxes. Required (a) Using the transactions-based approach (tabular analysis), record the above transactions and events for 2019. Determine the end- ing balances for all accounts that are included in the tabular analysis. (b) Prepare an income statement for the year 2019. (c) Prepare a statement of changes in retained earnings for the year 2019, (d) Prepare a balance sheet as at December 31, 2019. 204 Discussion Questions and Problems (e) Using the financial statements you prepared, calculate the following: (i) Return on assets ratio (ii) Return on equity ratio (iii) Gross profit percentage (iv) Return on sales ratio (v) Net income to sales ratio (vi) Earnings per share (vii) Dividend payout ratio (viii) Receivables turnover ratio (ix) Inventory turnover ratio (x) Asset turnover ratio (xi) Current ratio (xii) Quick ratio (xiii) Debt to equity ratio (xiv) Debt to assets ratio Assets Event No. + + + + = Beg. Bal. Jan-01 + + - Jan-01 + Jan-01 + + + Apr-01 + + Jul-01 + + Aug-01 Sep-01 Oct-31 Accounts Merch. Prepaid Accum. Cash Equipment Land Receivable Inven. Rent Dep. $ 602,900 + $ 10,000+ $ 3,000 + $ 3,150 + $ 55,000 $ 13,750 + $ 40,000 $ 50,000+ + + $ 41,250+ + + $ (55,000) - $(13,750) + $(150,000) + +$ 150,000 $ (80,000) + + $ 80,000+ $ (3,200) + + +$ 3,200 + $ 150,000+ + $(65,000) + $ (20,000) + + $ 20,000 $ 10,000+ $(10,000) + + $ (35,000) + + + $ (3,050) + $ (10,000) + + $ 10,000 $ (6,350) + + $ (3,800) + + + + $ 549,100 + $ + $ 18,000 + $ $ 150,000 $ 10,000 + $ 60,000 + + + + - Dec-30 + + Dec-31 + + + + Dec-31 + + + + - + + Dec-31 Dec-31 + + + + Dec-31 + + Income Statement Shareholders' Equity Common Preferred Shares Shares Liabilities Accounts Long-term Payable Notes Pay. S + $ 200,000 Net + Revenue Expenses Dividends Retained Earnings $ 60,300 Income + + + + $ 440,000+ $ $ 50,000+ + + = + + + + + + + - + + + + = + + + + + $ 85,000 $ 150,000 $ 65,000 - $ 85,000 + + + + + + + = $ 5,000+ + + $ 40,000 + + + + + + + $ + + + + $(40,000) $ (3,050) + $(10,000) + $(10,000) + $ (6,350) + $ (3,800) + $ 72,100 $ 150,000 $ 10,000 10,000 6,350 = $(40,000) $ (3,050) = = $(10,000) = $(10,000) $ (6,350) $ (3,800) $ (3,050) $ 14,850 + + + $ + + + $ 3,800 = $5,000 + $ 200,000 + $ 440,000 + $ 50,000 $ 135,150 - = Income Statement For the Year Ended December 31, 2019 Sales Revenue $ 150,000 Cost of Goods Sold $ (65,000) Gross Profit $ 85,000 Operating Expenses: Rent Expense $ 6,350 Depreciation Expense $ 10,000 Other Operating Expenses $ 40,000 $ 56,350 Net Operating Income $ 28,650 Other Expenses: Interest Expense $ (10,000) Income Before Tax $ 18,650 Less: Income Tax Expense $ 3,800 Net Income $ 14,850 Statement of Owner's Equity For the Year Ended December 31, 2019 Retained Earnings, January 1, 2019 Add: Net Income $ $ $ $ $ 60,300 14,850 75,150 (3,050) 72,100 Less: Dividends Retained Earnings, December 31, 2019