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The following is an Adjusted Trial Balance for Klushman Industries: Total Assets lastyear: 300,000 Required: Use the Adjusted Trial Balance to prepare: 1. Income Statement
The following is an Adjusted Trial Balance for Klushman Industries: Total Assets lastyear: 300,000 Required: Use the Adjusted Trial Balance to prepare: 1. Income Statement 2. Closing Entry 3. Balance Sheet 4. Current Ratio. 5. Net Profit Margin. 6. Total Asset Turnover. Note: Maintain the order in which the accounts appeor on the Adjusted Trial Balance on the corresponding statements. Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save ond Return to Assignment button in the lower right to return to Connect. W. Begat each formida with an wigh. 1 1 2. Pererence cotts, instead ef entering voluers. Exatmples a EPT) Note: Maintain the order in which the accounts appear on the Adjusted Trial Balance on the corresponding statements
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