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the last two image is the same as the blurred ones it has been answered thanks k 8.9 Financial Statement Analysis Evaluation of H &
the last two image is the same as the blurred ones
it has been answered thanks
k 8.9 Financial Statement Analysis Evaluation of H \& H Tools, Inc. financial performance. Debt to Asset Ratio Net Profit Margin Is the company's assets financed more by debts or equity? Is the company able to pay its short-term obligation? Current Ratio Is the company profitable? M \& M Tool, Inc. Post-Closing Trial Balance 8 8.5 Statement of Retained Earnings Transactions and eveab during 2.01 (sumanaried in thousands af doilars) follow: a Borrowed S.12 cash an March 1 wing a short-ierma aute. 1. Furchased land on March 2 for futhure builaling site, paid cash, \$9. 6. Lsond additional shares of commanes stock on April 3 for 523. 1. Purchased ssitwale on daly 4.$10 cash. 4. Purchand supplics ow accosid on Octuber 5 for fiuture use, 512. 1. Pad acoounts peyatwe on Noncouber 6. 513. 5. Sigued a \$25 serviee cowlrakt on Nowcuber 7 we sart February 1, 2022. i. Kecondod *cveauss of $160 on Deccuber of, inciuding $40 an credit and 5 4. cash. heongniacd salaries and weges experhes on December 9, 585 paid in cash. 1. Cullested accosuabs secesiahle on Dlectuber 10, $24. Dak for adjwating kourtal catres as of Deoswher 31 : 1 Surhales custated an Decemalex 31, 2021, $10. 2. dubnum tax for the xcer was $8. 4 will be puid in 2022 . Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $9. c. Issued additional shares of common stock on April 3 for $23. d. Purchased software on July 4,$10 cash. e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6,$13. g. Signed a $25 service contract on November 7 to start February 1,2022. h. Recorded revenues of $160 on December 8 , including $40 on credit and $120 in cash. i. Recognized salaries and wages expense on December 9,$85 paid in cash. j. Collected accounts receivable on December 10,$24. Data for adjusting journal entries as of December 31 : k. Unrecorded amortization for the year on software, $5. l. Supplies counted on December 31,2021,$10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2022Step by Step Solution
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