Summer Corporation at Analysis Results 2020 20:20 m. 2014 2010 autor Powity Ratio Return on Percent Return on Auto Percentage Geon Profit Percentage percentagel Net ProFit Marin Percentage Carnings per Share Turnover iciency) atas Total Asset Turnover Ratio Fixed Asset Turnover at Receivable Turnover Ratio Inventory Turnover Ratio Liquidity Ratio: Working Capital Current As Current Labs 74.000 1.000 5 56,000 $ 32.000 55,000 - 19.000 Current Ratio Quick Ratio Solvency Ratios Times Interest Earned Ratio Debt-to-Equity Ratio Market Ratios Price/Earnings Ratio Dividend Weld Ratio (Percentage) I wrote next ble lines follow Income Statement Summer Corporation For the Year Ended December 31, 2020 Net Sales Revenues 459.000 Cost of Goods Sold 200.000 Gross Profit 2.03,000 Operating Expenses: Salaries & Wages Expense 94000 Warranty Expense 87.000 Depreciation Expense 10000 Utilities Expense 8.000 Advertising Expense 1.000 Payroll Tax Expense to,500 Insurance Expense 3,300 Rent Expense 1,800 Repairs & Maintenance Expense DOO Bank Service Expense 500 Total Operating Expenses 000D Income from Operations Other Expenses: Interest Expense robe 1.000 Income Before Taxes 36,000 Income Tax Expense 10.800 Net Income 35800 do Statement of Stockholders' Equity Summer Corporation For the Year Ended December 31, 2020 Common Stock + 1,000 Additional Paid-in Capital Retained Earnings 3,000 Total Stockholders' Equity 100.COD $99.000 December 31, 2019 Stock Issued Net Income Dividends December 31, 2020 25,300 C11200) 60.000 ) 201700 (11.200 + 1.000 99.000 Aluee ASSETS: Curtgnt Assets: Cast 6,800 Accounts Receivable, Net 49.000 Merchandise inventory 5 000 - Prepaid Insurance a00 Total Current Assets 74000 - Balance Sheet Summer Corporation December 31, 2020 LIABILITIES: Current Liabilities Accounts Payable 1,000 Income Taxes Payable 1,000 Total Current Liabilities 4.000 Non-current Assets: Property, Plant & Equipment, Net 130 COO Non-current Liabilities: Bonds Payable "OCCO 10000 Total Liabilities 88,000 STOCKHOLDERS' EQUITY Common Stock 1.000 Additional Paid-in Capital 8,000 Retained Earnings DOOD Total Stockholders' Equity 6.000.- Total Unbilities & Stockholders' Equity Total Assets saugos Financial Statement ACCT700-07/09 2021 Instructions for PC Use your paded Binancial state of this to prepare aration for Summer Corporation for 2020 2019 You will also need Summer's 2013 financial statements and selected data from 2010 eded for certain ratio computations induding the 2019 within mormant The 2019 financial statements can be found in the Libby cho 14-they the Year 1 month AP 135 The 2018 selected financial data includes the following Total Story 12/7 5 100.000 Total Assets at 12/11 150,000 Total Nut PPE 1/1/18 110.000 Totale exortalecehabilet 12/11/ 28.000 19.000 Other financiation needed for 2020 2019 Die Ved during 2019 1000 Market pricepershare of Summer stock in both 200 and 2019 1.100 its comanded that you the table the meet abattoo, the manually at the formations, and All homes in the Ratio worksheet on the next should be populated with formation insted in the column heading for formation and One of the Working Clube completed simple Othetructions Please in yliowany tutiorus we umepewned an unfavorable trend from 2019 to 2020 Round your results to two decimal places. For the ratio that we expresses percentages first convert the result to a percentage, the two deca Note that you are not to compute any of the cash flow tality of income to and Cai Cortatil Recall from Mese Auto's sales we on credit, and that all to transactions we unchanged from 2016 tough 2010 An electronic submission is required, but it must be handwrn Se Care for more information It is recommended that you use pencils you need to measures as you work through this woment. 102 AM Summer Corporation at Analysis Results 2020 20:20 m. 2014 2010 autor Powity Ratio Return on Percent Return on Auto Percentage Geon Profit Percentage percentagel Net ProFit Marin Percentage Carnings per Share Turnover iciency) atas Total Asset Turnover Ratio Fixed Asset Turnover at Receivable Turnover Ratio Inventory Turnover Ratio Liquidity Ratio: Working Capital Current As Current Labs 74.000 1.000 5 56,000 $ 32.000 55,000 - 19.000 Current Ratio Quick Ratio Solvency Ratios Times Interest Earned Ratio Debt-to-Equity Ratio Market Ratios Price/Earnings Ratio Dividend Weld Ratio (Percentage) I wrote next ble lines follow Income Statement Summer Corporation For the Year Ended December 31, 2020 Net Sales Revenues 459.000 Cost of Goods Sold 200.000 Gross Profit 2.03,000 Operating Expenses: Salaries & Wages Expense 94000 Warranty Expense 87.000 Depreciation Expense 10000 Utilities Expense 8.000 Advertising Expense 1.000 Payroll Tax Expense to,500 Insurance Expense 3,300 Rent Expense 1,800 Repairs & Maintenance Expense DOO Bank Service Expense 500 Total Operating Expenses 000D Income from Operations Other Expenses: Interest Expense robe 1.000 Income Before Taxes 36,000 Income Tax Expense 10.800 Net Income 35800 do Statement of Stockholders' Equity Summer Corporation For the Year Ended December 31, 2020 Common Stock + 1,000 Additional Paid-in Capital Retained Earnings 3,000 Total Stockholders' Equity 100.COD $99.000 December 31, 2019 Stock Issued Net Income Dividends December 31, 2020 25,300 C11200) 60.000 ) 201700 (11.200 + 1.000 99.000 Aluee ASSETS: Curtgnt Assets: Cast 6,800 Accounts Receivable, Net 49.000 Merchandise inventory 5 000 - Prepaid Insurance a00 Total Current Assets 74000 - Balance Sheet Summer Corporation December 31, 2020 LIABILITIES: Current Liabilities Accounts Payable 1,000 Income Taxes Payable 1,000 Total Current Liabilities 4.000 Non-current Assets: Property, Plant & Equipment, Net 130 COO Non-current Liabilities: Bonds Payable "OCCO 10000 Total Liabilities 88,000 STOCKHOLDERS' EQUITY Common Stock 1.000 Additional Paid-in Capital 8,000 Retained Earnings DOOD Total Stockholders' Equity 6.000.- Total Unbilities & Stockholders' Equity Total Assets saugos Financial Statement ACCT700-07/09 2021 Instructions for PC Use your paded Binancial state of this to prepare aration for Summer Corporation for 2020 2019 You will also need Summer's 2013 financial statements and selected data from 2010 eded for certain ratio computations induding the 2019 within mormant The 2019 financial statements can be found in the Libby cho 14-they the Year 1 month AP 135 The 2018 selected financial data includes the following Total Story 12/7 5 100.000 Total Assets at 12/11 150,000 Total Nut PPE 1/1/18 110.000 Totale exortalecehabilet 12/11/ 28.000 19.000 Other financiation needed for 2020 2019 Die Ved during 2019 1000 Market pricepershare of Summer stock in both 200 and 2019 1.100 its comanded that you the table the meet abattoo, the manually at the formations, and All homes in the Ratio worksheet on the next should be populated with formation insted in the column heading for formation and One of the Working Clube completed simple Othetructions Please in yliowany tutiorus we umepewned an unfavorable trend from 2019 to 2020 Round your results to two decimal places. For the ratio that we expresses percentages first convert the result to a percentage, the two deca Note that you are not to compute any of the cash flow tality of income to and Cai Cortatil Recall from Mese Auto's sales we on credit, and that all to transactions we unchanged from 2016 tough 2010 An electronic submission is required, but it must be handwrn Se Care for more information It is recommended that you use pencils you need to measures as you work through this woment. 102 AM