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The following items are taken from the financial statements of Grouper Company for the year ending December 31, 2022: $18,500 7,100 4,800 Accounts payable Accounts

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The following items are taken from the financial statements of Grouper Company for the year ending December 31, 2022: $18,500 7,100 4,800 Accounts payable Accounts receivable Accumulated depreciation-equipment Bonds payable Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Interest expense Patents Retained earnings, January 1, 2022 Salaries and wages expense Sales revenue Supplies 17.000 23,200 25,300 28,200 4,200 5,000 49,000 2,500 8,660 18,650 5,100 54,300 5,590 Prepare an income statement GROUPER COMPANY Income Statement For the Year Ended December 31, 2022 Sales Revenue Cost of Goods Sold 54 300 28,200 Gross Profit 82.500 . $ Prepare a classified balance sheet for Grouper Company (List Current assets in order of liquidity. GROUPER COMPANY Balance Sheet Assets $ $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Compute the following ratios and values. (Note: Grouper's average number of shares outstanding during the year was 5,000.) (Round current ratio to 2 decimal places, e.g. 15.55, debt to assets ratio to 1 decimal places, s. 15.5% and earnings per share value to 2 decimal places, c.8. 15.55.) 1. :1 2 Current ratio Debt to assets ratio Working capital % 3. $ Earnings per share value $

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