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Requirements The financial statements of Mountainpeak Employment Services, Inc., reported the following accounts: (Click the icon to view the list of accounts.) (Click the icon
Requirements The financial statements of Mountainpeak Employment Services, Inc., reported the following accounts: (Click the icon to view the list of accounts.) (Click the icon to view the statement of stockholders' equity.) Read the requirements Data Table Calculate the following for Mountainpeak Employment Services: a. Net income S $ 1,780,000 Mountainpeak's net income is Paid-in capital in excess of par Notes Payable (short-term) Common stock, $0.01 par 180,000 344,000 Total revenues 56,000 Accounts payable Retained earnings 7,000 Other current liabilities 24,000 Total expenses 670,000 Using only year-end figures rather than averages, calculate the following for Mountainpeak: a. Net income b. Total liabilities c. Total assets (use the accounting equation) d. Net profit margin ratio e. Asset turnover f. Leverage ratio g. Return on equity What additional information do you need before you can use this data to make decisions? b. Total liabilities 700.000 shares issued Mountainpeak's total liabilities are 340,000 1,080,000 Long-term debt c. Total assets (use the accounting equation) Mountainpeak's total assets are Print Done d. Net profit margin ratio (Enter your answer as a percentage rounded to the nearest whole Mountainpeak's net profit margin ratio is % Print Done e. Asset turnover (If averages are used in the formula, use the totals given or previously calculated instead. Enter your answer as a decimal rounded to two places, X.XX.) Mountainpeak's asset turnover is f. Leverage ratio (If averages are used in the formula, use the totals given or previously calculated instead. Enter your answer as a decimal rounded to two places, X.XX.) Mountainpeak's leverage ratio is g. Return on equity (If averages are used in the formula, use the totals given or previously calculated instead. Enter your answer as a percentage rounded to the nearest whole percent.) Mountainpeak's return on equity is % What additional information do you need before you can use this data to make decisions? (If an input field is not used in the table, leave the field empty; do not make a selection.) Choose from any list or enter any number in the input fields and then continue to the next
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