ve June 10, 2008 100.00 Acta Credit Card Teterest Receivable Merchandise inventory Prepaid Instance Prepaid Rent Prepand divertising Shop Supplies 55.47.50 1,536.09 0.00 0.00 7,347.95 8.500.00 1.040.00 450.00 Total Current Assets 5 plant and quiet Store Fixtures Accumulated Depreciation Book Value Shop Equipment Accumulated Depreciation 3 53.148.00 16.600.00 36, 540.00 13.600.00 3,000.00 9,300.00 Book Value Delivery Vehicles Accumulated Depreciation Book Value Total Plant and Equipment $ 26,500.00 2.781.25 324. 118.75 70.466.75 Total Assets $ 303.936.24 LIABILITIES $ Current Liabilities Accounts Payable Notes Payable Sales Tax Payable Salaries and Wages Payable Interest Payable 30,541.80 5,000.00 12.163.86 140.80 396.11 Dividends Payable Unearned Revenues 0.00 12,513.00 Total Current Liabilities $ 60,755.57 STOCKHOLDERS' EQUITY Common Stock $ 180,000.00 Retained Earnings 63,180.67 243, .67 Total Stockholder's Equity Total Liabilities and Owner's Equity $ 303,936.24 40. The quick ratio or acid-test ratio for Veideretti Cabinets is: A) 1.07 B) 1.18 C) 1.22 D) 1.27 E) 1.42 Printeport Veideretti Cabinets Income Statement For the Quarter Ended June 10, 2021 Shop Supp vehicles Expense 716.00 Revenues: Cabinet Sales $ 341,10.na Less Sales Returns and Allowances Net Sales $ 337,565.80 Cost of Goods Sold: Cost of Goods Sold $ 256,631.56 Transportation. In 1,5e1.75 Total Cost of Good Sold 258,133.31 Gross Profit From Sales 79,432.49 Installation Fees Earned 1,455.00 Gross Profit From Sales and Fees Earned $ 89,887.49 Operating Expenses Selling Expenses: Salaries and Wages Expense $ 4,55e.es Store Supplies Expense 2,453.34 Supplies Expense 459.00 1.620.60 Advertising Expense 2,501.25 Credit Card Expense 2,072.25 Tools Expense 213.74 Bad Debts Expense 847.se Deprec. Expense - Store Equipment 3,300.00 Depreciation Expense - Shop Equipment 450.00 Depreciation Expense - Delivery Vehicles 1,181.25 Total Selling Expense $ 20,364.99 General and Administrative Expenses: Rent Expense $ 8,000.00 Insurance Expense 1,240.5e Professional Services Expense 2,228.00 Electric and Gas Expense 1,699.25 Telephone Expense 1, e34.25 Bank Service Charges 133.25 Cash Short and Over 12.25 Miscellaneous Expense 66.11 Total General and Administrative Exp. $ 14,413.61 Total Operating Expenses $ 34,778.60 Income From Operations $ 46, 108.89 Other Income and Expenses: Interest Earned $ 737.00 Loss on Asset Disposal 1,200.00 1/2 Domax 5/28/2020 Loss on Asset Disposal Interest Expense Print Report 1,200.ee 816.11 Total 633, 331.81 633, 331.01