The bank statement for Adcock Company indicates a balance of $830 on July 31. The cash balance per books had a balance of $1,598 on this date. The following information pertains to the bank transactions for the company 1. Deposit of $840, representing cash receipts of July 31, did not appear on the bank statement. 2. Outstanding checks totaled $390. 3. Bank service charges for July amounted to $30. 4. A credit memo was included in the bank statement for $40 of interest earned. 5. A NSF check for $328 from a customer was returned with the statement. Instructions Prepare a bank reconciliation for July 31. Using the data on the next page, compute the following ratios for Year 2 and round your answers to one decimal place (a) Inventory turnover (b) Average days to sell inventory (c) Quick Ratio (d) Times Interest Earned (e) Debt to assets ratico () Debt to equity ratio (g) Net margin (h) Return on investment BDS Industries' balance sheet and income statement are provided below: BDS Industries Balance Shect As of December 31 Year 2 Year 84,000l 90,000 2,500 60,000 510.000 525.000 150,000150,000 Accounts receivable ts and equipment, net and Stockholders' Equity 63,000 125,000 430,000400.000 272,000 295.000 890.000 917,000 payable (Long Term) 160,000 stock, no par Retained earnings Total liabilities and stockholdeg equity BDS Industries Income Statement Years Ended December 31 Year 2Year Less cost of Roods sold Gross margin Less operating expenses Operating Income Other Expenses s 509.000468.150 320,000289,500 189,000178,650 4,000 104.500124.650 Interest Expense 123.200 Income before taxes Income taxes 102,500 8,500 Net income 84,000 106.600 304 words English (United States) Focus