use the images, second image has the questions. first one is the balance and income statements. i will like once complete.
mentioned holdsaid loe 5689,247 56,457 Balance Sheet Eden's Garden Arse Current Assets Cash Accounts Receivable Less Allowance for $29,152 $3,200 $78,271 $403,569 $481,840 $86,157 $25,952 Doubtful Accounts Inventory Supplies Prepaid Expenses Total Current Assets Fixed Assets Land Buildings $88,157 $7,514 51,856 $129,936 $395.683 5293,564 59.187 $59,150 $48,966 $51,027 $2,061 $24,671 $12,300 $12,371 $22,375 $1,250 $10,295 $1,000 $21,125 Income Statement, Eden's Garden Net Sales Revenue Cost of Goods Sold Beginning Inventory. 1/1/xx + Purchases Goods Available for Sale - Ending Inventory 12, 31/xX Cost of Goods Sold Gross Profit Operating Expenses Advertising $22,150 Insurance Depreciation Building 526,705 Autos $7,895 Equipment $11,200 Salaries $116,541 Uniforms $4,018 Repairs and Maintenance $9,097 Travel $2,658 Entertainment $2,798 Total Operating Expenses General Expenses Utilities $7.987 Telephone $2,753 Professional Fees $3,000 Postage $1,892 Payroll Taxes $11,589 Total General Expenses Other Expenses Interest Expense $21.978 Bad Check Expense $679 Miscellaneous Expense $1,248 Total Other Expenses Total Expenses Net Income $212,249 Less Accumulated Depreciation Autos Less Accumulated Depreciation Equipment Less Accumulated Depreciation Furniture and Fixtures Less Accumulated Depreciation Total Fixed Assets Intangibles (Goodwill Total Assets Liabilities Current Liabilities Accounts Payable Notes Payable Credit Line Payable Accrued Wages/Salaries Payable Accrued Interest Payable Accrued Taxes Payable Total Current Liabilities Long-Term Liabilities Mortgage Note Payable Total Long-Term Liabilities Owner's Equity Sam Lloyd, Capital Total Liabilities and Owner's Equity $9,295 5150,907 50 $280,843 $27.221 $54,258 $20,150 58,118 $1,344 $1.785 $1.967 $87,622 $72,846 $47.000 $119,846 $23,905 $263,375 $30,189 *Credit sales represented $289,484 of this total $73,375 $280,843 (continued) 1. Assume the role of Shelley Edison. Using the financial statements for Eden's Garden, calculate the 12 ratios COV- ered in this chapter. 2. Do you see any ratios that, on the surface, look suspi- cious? Explain. mentioned holdsaid loe 5689,247 56,457 Balance Sheet Eden's Garden Arse Current Assets Cash Accounts Receivable Less Allowance for $29,152 $3,200 $78,271 $403,569 $481,840 $86,157 $25,952 Doubtful Accounts Inventory Supplies Prepaid Expenses Total Current Assets Fixed Assets Land Buildings $88,157 $7,514 51,856 $129,936 $395.683 5293,564 59.187 $59,150 $48,966 $51,027 $2,061 $24,671 $12,300 $12,371 $22,375 $1,250 $10,295 $1,000 $21,125 Income Statement, Eden's Garden Net Sales Revenue Cost of Goods Sold Beginning Inventory. 1/1/xx + Purchases Goods Available for Sale - Ending Inventory 12, 31/xX Cost of Goods Sold Gross Profit Operating Expenses Advertising $22,150 Insurance Depreciation Building 526,705 Autos $7,895 Equipment $11,200 Salaries $116,541 Uniforms $4,018 Repairs and Maintenance $9,097 Travel $2,658 Entertainment $2,798 Total Operating Expenses General Expenses Utilities $7.987 Telephone $2,753 Professional Fees $3,000 Postage $1,892 Payroll Taxes $11,589 Total General Expenses Other Expenses Interest Expense $21.978 Bad Check Expense $679 Miscellaneous Expense $1,248 Total Other Expenses Total Expenses Net Income $212,249 Less Accumulated Depreciation Autos Less Accumulated Depreciation Equipment Less Accumulated Depreciation Furniture and Fixtures Less Accumulated Depreciation Total Fixed Assets Intangibles (Goodwill Total Assets Liabilities Current Liabilities Accounts Payable Notes Payable Credit Line Payable Accrued Wages/Salaries Payable Accrued Interest Payable Accrued Taxes Payable Total Current Liabilities Long-Term Liabilities Mortgage Note Payable Total Long-Term Liabilities Owner's Equity Sam Lloyd, Capital Total Liabilities and Owner's Equity $9,295 5150,907 50 $280,843 $27.221 $54,258 $20,150 58,118 $1,344 $1.785 $1.967 $87,622 $72,846 $47.000 $119,846 $23,905 $263,375 $30,189 *Credit sales represented $289,484 of this total $73,375 $280,843 (continued) 1. Assume the role of Shelley Edison. Using the financial statements for Eden's Garden, calculate the 12 ratios COV- ered in this chapter. 2. Do you see any ratios that, on the surface, look suspi- cious? Explain
