Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Show the information in your spreadsheet in three columns Ratio Name Formula/Amounts Ratio Value 1. Gross Profit Percentage 2. Accounts Receivable Turnover Ratio 3. Day's

image text in transcribed
image text in transcribed
image text in transcribed
Show the information in your spreadsheet in three columns Ratio Name Formula/Amounts Ratio Value 1. Gross Profit Percentage 2. Accounts Receivable Turnover Ratio 3. Day's Sales in Receivables 4. Debt Ratio 5. Debt to Equity Ratio 6. Profit Margin Ratio 7. Rate of Return on Total Assets 8. Asset Turnover Ratio Name the Excel spreadsheet LastnameFirstname ACC260 QB2. Ratios and submit the file in LoudCloud Mills S.ACC260.QB.BS PROFIT AND LOSS August 2021 TOTAL -1,600.00 -9,500.00 $-11,100.00 $-11,100.00 Income Sales Sales of Product Income Total Income GROSS PROFIT Expenses Other Business Expenses Total Expenses NET OPERATING INCOME Other Expenses Factory Overhead Total Other Expenses NET OTHER INCOME NET INCOME -4,200.00 $ 4,200.00 $ -6,900.00 1,300.00 $1,300.00 $-1,300.00 $ -8,200.00 Studer: Porta Main TOTAL -22,100.00 17,500.00 2,100.00 -17,500.00 -17,800.00 $ 20,000.00 $ 20,000.00 ASSETS Current Assets Bank Accounts Cash overallocated Selling and Administrative Expenses Underallocated Underallocated Total Underkloosted Total Bank Accounts Total Current Assos Fixed Assets Finished Goods Inventory Raw materials inventory Work in Process Inventory Total Fbced Assets TOTAL ASSETS LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable Wages Payable Total Accounts Payable Total Current Llabilmes Total Liabilities Equity Retained Earnings Net Income Total Equity TOTAL LIABILITIES AND EQUITY 500.00 7,000.00 -1,200.00 $6,300.00 $-13,700.00 4,400.00 - 1.125.00 $3,275.00 $3,275.00 $3,275.00 - 16,975.00 $ -16,975.00 $-13,700.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions