this question has to do with my last post.

1911 10 2/2) PART IV: ANSWER THE FOLLOWING (TYPE OUT ANSWERS and show your calculations WHAT IS MEANT BY LIQUIDITY? WHAT IS THE LIQUIDITY OF YOUR COMPANY? (USE THE CURRENT RATIO) WHAT IS MEANT BY PROFITABILITY? WHAT IS THE PROFITABILITY OF YOUR COMPANTY (USE THE EARNINGS PER SHARE RATIO- assume that the average number of shares for common stock is 1,000 shares) WHAT IS MEANT BY SOLVENCY? WHAT IS THE SOLVENCY OF YOUR COMPANY (USE DEBT TO ASSETS RATIO) PART IV: ANSWER THE FOLLOWING (TYPE OUT ANSWERS and show your calculations) WHAT IS MEANT BY LIQUIDITY? WHAT IS THE LIQUIDITY OF YOUR COMPANY? (USE THE CURRENT RATIO) WHAT IS MEANT BY PROFITABILITY? WHAT IS THE PROFITABILITY OF YOUR COMPANTY (USE THE EARNINGS PER SHARE RATIO assume that the average number of shares for common stock is 1,000 shares) WHAT IS MEANT BY SOLVENCY? WHAT IS THE SOLVENCY OF YOUR COMPANY (USE DEBT TO ASSETS RATIO) BA BA BA OOO. *N NO : 1 73% 19:51 AM + Expert Q&A W + Anonymous about 21 hours later Assets = Liabilities + cash accounts payable accounts receivable utilities payable supplies salaries payable prepaid rent accumulated depreciatic prepaid insurance equipment Event Journal Entries cash To common stock (being issuance of stock) 2 supplies To cash (being purchase of supplies) 3 equipment To accounts payable (being purchase of equipment on accou 4 prepaid insurance To cash (boina adyanca nromium on insurance OB DI DODO. *NV@ 73% 19:51 AM + Expert Q&A W + 4 prepaid insurance To cash (being advance premium on insurance | 5 accounts receivable To services (being services provided on account) 6 cash To accounts receivable (being cash received from earlier custo 7 accounts payable To cash (being payment made for purchased on 8 utilities expenses To utility payable (being utilities expenses payable) prepaid rent To cash (being prepaid rent paid) 10 dividends To cash BEI DODO. *NV@ ! 73% 19:51 AM + Expert Q&A W + 10 dividends To cash (being dividends paid) 11 insurance expenses To prepaid insurance (being insurance expired) - 12 rent expenses To prepaid rent (being rent expired) 13 supplies expenses To supplies (being supplies used) - 14 depreciation expenses To accumulated depreciation (being depreciation expenses ) 15 salaries expenses To salaries payable (being salaries payable) calculation of depreciation expenses equipment purchased = 20000 Qumina Hofulifo-5 vooroolodvou 0 BPPD00 - *NV@ 73% 69:51 AM W + f Expert Q&A calculation of depreciation expenses equipment purchased = 20000 assuming - useful life = 5 years; salvage value depreciation for one month = 20000/5 = 4000 one month = 4000/12 = 333 XYZ Company Income Statement For the period Jan. 31, 2020 (amounts in $) services 50000 less: expenses utilities expenses 1000 insurance expenses 1000 rent expenses 1000 supplies expenses 1000 depreciation expenses 333 salaries expenses 1000 net income 44667 XYZ Company Statement of Retained Earnings For the period Jan 31, 2020 (amounts in $) beginning retained earnings net income 4466 less dividends -1000 ending retained earnings 4366 O B BA OOO. *NVD73% 19:52 AM + Expert Q&A W + XYZ Company Balance Sheet As of Jan.31, 2020 (amounts in $) cash 9000 accounts receivable 2000 prepaid insurance 1100 prepaid rent 1100 total current assets non-current assets equipment 2000 less:accumulated depreciation -333 total assets liabilities and shareholders equity accounts payable 5000 utilities payable 1000 salaries payable 1000 total current liabilities total long-term liabilities stockholders equity common stock 2000 ending retained earnings 4366 total stockholders equity total liabilities and stockholders equity Aloo thin nomor bolnfus