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this is one question with its parts please answer all. Using the below account balances for Charlotte Corp., and in this order: A - Prepare
this is one question with its parts please answer all. | ||
Using the below account balances for Charlotte Corp., and in this order: | ||
A - Prepare an Income Statement for the Year Ended Dec. 31, 2021 in proper format using Excel. | ||
B - Calculate the ending retained earnings balance as of 12/31/21 (beginning retained earnings is given). | ||
C - Prepare the Balance Sheet as of December 31, 2021 AND 2020 in good format using Excel. | ||
Accounts Payable | ||
Accounts Receivable, net of uncollectible accounts | ||
Additional Paid-in Capital | ||
Automobiles | ||
Building Improvements | ||
Buildings | ||
Cash | ||
COGS | ||
Common Stock $1 par, 400,000 shs authorized, 30,000 shs issued, 25,000 shs outstanding | ||
Computer Equipment | ||
Conferences & Travel Expense | ||
Depreciation & Amortization Expense | ||
Dividends Paid | ||
General & Administrative Expense | ||
Goodwill | ||
Income Tax Expense | ||
Insurance Expense | ||
Interest Expense | ||
Interest Income | ||
Interest Payable | ||
Land | ||
Accumulated Amortization | ||
Accumulated Depreciation | ||
Long-Term Bonds Payable | ||
Long-Term Note Payable | ||
Merchandise Inventory | ||
Net Sales | ||
Patents | ||
Preferred Stock | ||
Prepaid Insurance | ||
Production Equipment | ||
Research & Development Expense | ||
Retained Earnings | ? (need to calculate) | |
Selling Expense | ||
Short-Term Marketable Securities | ||
Short-term Note Payable | ||
Trademarks | ||
Treasury Stock 5,000 shs | ||
Utilities Expense | ||
Wages Expense | ||
Wages Payable | ||
Once the financial statements are prepared, calculate the following ratios for 12/31/21 (show your work): | ||
D - Gross Margin Ratio | ||
E - Current Ratio | ||
F - Working Capital Ratio | ||
G - Acid-Test Ratio | ||
H - Asset Turnover | ||
I - Inventory Turnover | ||
J - # Days' Sales in Accounts Receivable | ||
K - # of Days' Sales in Inventory | ||
L - ROI | ||
M - ROE | ||
N - Earnings per Share | ||
O - Debt Ratio | ||
P - Debt/Equity Ratio | ||
Q - Times Interest Earned | ||
the old question I paste was crystal clear, this is the picture of entire question. please answer this.
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