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v (Working with an income statement and balance sheet) Prepare a balance sheet and income statement for Kronlokken Company from the scrambled list of items
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(Working with an income statement and balance sheet) Prepare a balance sheet and income statement for Kronlokken Company from the scrambled list of items shown in the popup window a. What is the firm's not working capital and debt ratio? b. Complete a common-sized income statement and a common-sized balance sheet. e interpret your findings. -CHECO Complete the part of the balance sheet below. (Round to the nearest dollar. NOTE: Input the Accumulated Depreciation account as a negative value) Kronlokken Company Ralanne Rheat Depreciation expense Cash Long-term debt Sales A Accounts payable General and administrative expenses $68,529 225,485 331,842 575,938 102,623 77,557 Buildings and equipment Notes payable Accounts receivable Interest expense Accrued operating expenses Common stock Cost of goods sold Inventory 896,225 74,600 153,359 4,984 7,706 287,833 295,314 99,545 Common stock Cost of goods sold Inventory Taxes Accumulated depreciation Prepaid expenses Taxes payable Retained earnings 287,833 295,314 99,545 51,822 - 266,373 13,860 56,679 260,818 Step by Step Solution
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