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Required Information The following information applies to the questions displayed below] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H

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Required Information The following information applies to the questions displayed below] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Cash Accounts Receivable Debit Credit $ 4 4 Supplies Land 11 Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and wages Payable Interest Payable Income Tax Payable 56 17 Common Stock Retained Earnings Service Revenue Salaries and wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense 68 Totals 392 $92 Transactions and events during 2018 (summarized in thousands of doliars) follow a Borrowed $13 cosn on March 1 using 8 short-term note b Purchesed iend on March 2 for future bulding site: oaid cash, $7 c issued addtional sheres of common stock on April 3 for $28 d Purchased software on July 4, $12 cosn e Purchased supp es on account on Octoper 5 for future use. $17 $92 392 Totals Transactions and events during 2018 (summarized in thousands of dollars) follow of 9 a Borrowed $13 cash on March 1 using a short-term note. b Purchased land on March 2 for future building site: paid cash, $7 c Issued additional shares of common stock on April 3 for $28. d Purchased software on July 4, $12 cash. e Purchased supplies on account on October 5 for future use, $17 f Paid accounts payable on November 6, $14 a Signed a $30 service contract on November 7 to start February 1, 2019 h Recorded revenues of $152 on December 8, including $36 on credit and $116 collected in cash. i Recognized salaries and wages expense on December 9, $81 paid in cash. jCollected accounts receivable on December 10. $20 Data for adjusting journal entries as of December 31: k Unrecorded amortization for the year on softwere, $4 Supplies counted on December 31, 2018, $11 m. Depreciation for the year on the equipment, $7 n Interest of $2 to accrue on notes payable. a Salaries and wages earned but not yet paid or recorded, $13 p Income tax for the year was $9 It will be paid in 2019 9-a. How much net income did H & H Tool, Inc. generate during 2018? What was Its net profit margin? 0-b. s the company financed primarily by liabilites or stockholders equity? 9-c. What is its current ratio? Complete this question by entering your answers in the tabs below. Rec 9A Rea 9C Reg 98 How much net income did H&H Tool, 1Inc. generate during 20187 What as its net profit margin? (EnterNet Income in Heands nf dellars RAundNar Pref anin th dadmala 9-a. How much net income did H & H Tool, Inc., generate during 2018? What was its net profit margin? 9-b. Is the company financed primarily by liabilities or stockholders' equity? 9-c. What is its current ratio? Book Pint Complete this question by entering your answers in the tabs below. Req 9C Req 9B Req 9A How much net income did H & H Tool, Inc.. generate during 2018? What was its net profit margin? (Enter Net Income in thousands of dollars. Round "Net Profit Margin" to 1 decimal place.) Net income 96 Net Proft Margn Req 9 9-a. How much net income did H & H Tool, Inc., generate during 2018? What was its net profit margin? 9-b. Is the company financed primarily by liabilities or stockholders equity? 9-c. What is its current ratio? Complete this question by entering your answers in the tabs below. Req 9A Req 9B Req 9C Is the company financed primarily by liabilities or stockholders' equity? Stockholders Equity Labiices Req SC Reg A 9-a. How much net income did H & H Tool, Inc. generate during 2018? What was its net profit margin? 9-b. Is the company financed primarily by liabilities or stockholders' equity? 9-c. What is its current ratio? Complete this question by entering your answers in the tabs below. Req 9A Req 9B Req 9C What is its current ratio? your answers in thousands of dollars.) Current Ratio Numerator Denominator Reg 9B

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