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The financial statements of Ridgeview Employment Services, Inc., reported the following accounts: (Click the icon to view the list of accounts.) (Click the icon to
The financial statements of Ridgeview Employment Services, Inc., reported the following accounts: (Click the icon to view the list of accounts.) (Click the icon to view the statement of stockholders' equity.) Read the requirements. Calculate the following for Ridgeview Employment Services: a. Net income i Data Table Ridgeview's net income is $ 700000 b. Total liabilities Paid-in capital in excess of par....... $ Notes Payable (short-term) ........... Common stock, $0.01 par 1,100,000 shares issued Ridgeview's total liabilities are $ . c. Total assets (use the accounting equation) Ridgeview's total assets are $0 d. Net profit margin ratio (Enter your answer as a percentage rounded to the nearest whole percent.) 340,000 Total revenues ............$ 64,000 Accounts payable ....... Retained earnings 11,000 Other current liabilities... 24,000 Total expenses ......... 1,800,000 200,000 676,000 260,000 1,100,000 Long-term debt..................... Print Done Ridgeview's net profit margin ratio is e. Asset turnover (If averages are used in the formula, use the totals given or previously calculated instead. Enter your answer as a decimal rounded to two places, X.XX.) Reference Ridgeview's asset turnover is f. Leverage ratio (If averages are used in the formula, use the totals given or previously calculated instead. Enter your answer as a decimal rounded to two places, X.XX.) Ridgeview's leverage ratio is [ . Balance Sheet (Partial) Stockholders' Equity: Common stock, g. Return on equity (If averages are used in the formula, use the totals given or previously calculated instead. Enter your answer as a percentage rounded to the nearest whole percent.) $ 0.01 par, 1,100,000 shares issued $ 11,000 340,000 Ridgeview's return on equity is [ %. Paid-in capital in excess of par Total paid-in capital Retained earnings What additional information do you need before you can use this data to make decisions? (If a box is not used in the table, leave the box empty, do not make a selection.) 351,000 676,000 1,027,000 Total stockholders' equity Net income has already been closed to Retained Earnings. Print Done Choose from any list or enter any number in the input fields and then continue to the next
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