Rivas computer and repairs: Sales purchase

.Idioma Nombres de cuentas (evitar abreviar) . Uso de Financial Statements Problems You are provide with the following information for RIVAS COMPUTER AND REPAIRS, effective as of its April 30 20x1, year-end 10,000 83,400 81,000 383,700 77,000 310,380 396,000 45,000 Accumulated Accounts payable Accounts receivable Buildings Common stock Cost of goods sold Current portion of long-term debt 3,500 47,500 Depreciation expense Dividends paid during the year Equipment Freight-Out Income tax expense 132,000 20,400 25,500 19,000 25,000 96,700 160,000 320,000 30,000 23,000 160,000 645,000 Intangible assets Interest expense Interest revenues Mortgage payable Note payable Utilities expenses Retained earnings, beginning Sales revenue Sales Returns and Allowances Sales Discounts Advertising expenses Debt investments Salaries and wages expense 50,000 9,500 15,000 10,000 84,000 2,220 25,200 Salaries and wages payable Stock investment Instructions: an income statement, a retained earnings statement, and a classified balance sheet for RIVAS 1. Prepare COMPUTER AND REPAIRS Company for the year ended April 30, 20x1. Compute the followings ratios 2 Working capital a. b. Current ratio Debt to assets ratio c. d. Gross profit rate Profit margin f. e. Earnings per share (The average number of shares outstanding for 20X1 was 10,000. 3. For each of the statements, describe in narrative form: the usefulness of the report, the basic information divulged, and the format it is presented in; if applicable