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The adjusted trial balance of Deakin Ltd as at 30 June 2020 is given below.Deakin made a profit of $2500 for the year. Deakin Ltd

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The adjusted trial balance of Deakin Ltd as at 30 June 2020 is given below.Deakin made a profit of $2500 for the year. Deakin Ltd Adjusted trial balance 30 June 2020 Debit $ Credits Cash at Bank 7400 3200 2800 Accounts Receivable Office Supplies Office Equipment Accumulated Depreciation - Office equipment Accounts Payable Unearned Revenue 16 000 6000 3000 2000 Share Capital Retained Earnings 11 000 6900 Dividends Paid 2000 Service Revenue 9000 1100 Office Supplies Expense Depreciation Expense - Equipment Rent Expense 3000 2400 37 900 37 900 Required: a) Prepare Deakin Ltd's Statement of Changes in Equity for the year ended 30 June 2020. (4 Marks) b) Prepare Deakin Ltd's Statement of financial position at 30 June 2020. (10 Marks) Calculate Deakin Ltd's Current ratio and the Debt-to-total assets ratio at 30 June 2020. (Round off the answers to the nearest 2 decimal places) (2 Marks) (m) Explain your Current ratio and how it reflects on the company's ability to meet its obligations (2 Marks) The profit margin for Deakin Ltd for 2019 and 2020 were 21% and 26% respectively. Interpret the meaning of profit margin for 2020. (1 Mark) (n) Comment on the profitability trends of Deakin Ltd from 2019 to 2020. (1 Mark) (Total 20 Marks)

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