Revenue = $248,000

Perry's Coffee Shop (PCS) as of December 31st, 2021 had the following Balance Sheet and Income Statement Account Balances: Accounts Receivable (A/R)... 3,500 Accounts Payable (AVP)...... 2,000 Wages Payable (WAGES PAY) 4,500 Rent Payable (RENT DUE). 2,500 Inventory (INV)...... 5,000 Current Portion of Interest Due (INT DUE) 1,000 Pre-Paid Items (PREPD EXP)... 2,500 Plant, Property & Equip. (PP&E)..... 135,000 Accumulated Depreciation (ACC DETP)....... 15,000 Total PP&E (TOTAL PP&E)... 120,000 Costs of Goods Sold (CGS)... 55,000 Depreciation Expense (DPR). 5,000 Rent Expense (RNT EXP).. 30,000 Interest Expense (INT EXP)... 12,000 Employee Expense (EMP EXP).. 60,000 Additional &Misc. Expenses (MISC EXP).. 14,000 Long Term Debt (LT DEBT). 50,000 Back on December 31st, 2020, PCS's prior closing period, PCS had the following Balance Sheet Account Balances: Cash 74,000 Total Equity 150,000 Retained Earnings.. 50,000 (SEE NOTES USD, PCS Sales from December 31st 2020 through December 31st 2021 were: and Perry estimated and paid taxes of 21% on PCS's Income. Create PCS's December 31st, 2021 Balance Sheet? (Use an Excel Spread Sheet). Perry decided to do a ratio analysis based on PCS's December 31st 2021 Financial Statements. What are PCS's Current Ratio, Debt Ratio, Profit Ratio, and Return On Equity Ratio