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Using the following information, fill in the balance sheet below, and then answer questions 26-30 Green Co. began operation on January 1, 2018. On January

Using the following information, fill in the balance sheet below, and then answer questions 26-30 Green Co. began operation on January 1, 2018. On January 1, 2018, the company purchased $16,000 of Equipment. Green has not purchased any additional equipment since this initial purchase, nor have they sold any equipment. This equipment is being depreciated on a straight-line basis to a $1000 salvage value over an estimated depreciable life of 10 years. The following is a list of some of the income statement accounts (for the period January 1, 2021 to December 31, 2021), some of the balance sheet accounts (on December 31, 2021) and a few financial ratios for Green Co. (for the year ending December 31, 2021). Sales-25,000 Cash-200 Tax rate-25% Accruals 124 Times interest carned-4 Acct. Payable Days 30- Average collection period-36 days Gross profit margin -20% Inventory turnover ratio=8 Operating expenses (excl. dep.)- $2100 Current ratio-2.0 Dividends paid-420 Debt ratio-40% NOTES: In 2021, 80% of Green Company sales were on credit; the remainder were cash sales. The average collection period was calculated using a 360-day year. Use COGS/Inventory for inventory turnover ratio formula. Retained eamings as of December 31, 2020 $2,400. Use Common Stock as a plug figure to make your balance sheet balance. Use year-end numbers for ratios that involve both B/S and I/S (instead of average between two years). Round ALL. values in the balance sheet to the nearest dollar (c. $327.84-328) Using the data in the problem, fill in the following tables to answer the questions Green Co. Balance Sheet for the Year ending December 31, 2021 Cash Accounts receivable Inventory Current assets Gross fixed assets (Accumulated depreciation)** Net fixed assets Total assets Notes payable Accounts payable Accruals Current liabilities Long-term debt Total liabilities Common stock Retained earnings Total Lab & Equity Sales COGS Gross profit Operating expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Add. To Retained Earnings 26. Current assets- 27. Total assets- 28. Current liabilities- 29. Total liabilities -2,350 +3,370 30. Total shareholder equity (ie., common stock + retained camnings)-5,580+3,000

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