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What is the Quick Ratio, Gross Margin, Net margin, and Return on Equity ratios for the year 2017? Peyton Approved Statement of Retained Earnings For

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What is the Quick Ratio, Gross Margin, Net margin, and Return on Equity ratios for the year 2017?

Peyton Approved Statement of Retained Earnings For Year Ending 12/31/2017 Beginning Balance: plus Net Income less Dividends: Ending Balance: 83,642.3920,000.0063,642.39 Balance Sheet As of December 31, 2017 Assets Liabilities and Owners' Equity Current Assets: \begin{tabular}{l|r|r} \hline Current Liabilities: & & \\ \hline Accounts Payable & 27,325.00 & \\ \hline Wages Payable & 22,800.00 & \\ \hline Interest Payable & 1,468.75 & \\ \cline { 2 - 3 } Total Current Liabilities & & 51,593.75 \\ & & \\ \hline Long Term Liabilities: & & \\ \hline Notes Payable & 10,000.00 & \\ \hline Loans Payable & 21,000.00 & \\ \cline { 2 - 3 } Total Long Term Liabilities: & & 31,000.00 \\ \hline Total Liabilities: & & 82,593.75 \\ & & \end{tabular} Long Term/Fixed Assets: \begin{tabular}{|l|r|r|l|l|} \hline Baking Equipment & 17,000.00 & & Common Stock & 30,000.00 \\ \hline Accumulated Depreciation & 5,928.58 & & Retained Earnings & \\ \hline & & 11,071.42 & & \\ \hline Leasehold Improvements & 10,000.00 & & Total Equity \\ \hline Accumulated Amortization & 4,000.00 & 6,000.00 & & \\ \hline & 2,300.00 & 2,300.00 & & \\ \hline Trademark & & & & \\ \hline & & 176,236.14 & Total Liabilities \& Equity \\ \hline Total Assets: & & \\ \hline \end{tabular} \begin{tabular}{|c|l|r|r|} \hline \multicolumn{3}{|c|}{ Peyton Approved } \\ \hline \multicolumn{3}{|c|}{ Closing Entries } \\ \hline \multicolumn{3}{|c|}{ For Year Ending 12/31/2017 } & \\ \hline & \multicolumn{1}{|c|}{ Accounts } & Debit & Credit \\ \hline Date & \multicolumn{1}{|c|}{} & 335,675.00 & \\ \hline \hline 31 -Dec & Bakery Sales & 35,200.00 & \\ \hline & Merchandise Sales & & 370,875.00 \\ \hline & Income Summary & & \\ \hline & & 287,232.61 & \\ \hline 31 -Dec & Income Summary & & 137,400.00 \\ \hline & Baking Cost of Goods Sold & 90,000.00 \\ \hline & Rent Expense & & 1,468.75 \\ \hline & Interest Expense & & 2,000.00 \\ \hline & Insurance Expense & & 2,642.86 \\ \hline & Depreciation Expense & 2,000.00 \\ \hline & Amortization Expense & & 2,780.00 \\ \hline & Misc. Expense & & 1,350.00 \\ \hline & Office Supplies Expense & 375.00 \\ \hline & Business License Expense & & 5,200.00 \\ \hline & Advertising Expense & & 22,800.00 \\ \hline & Wages Expense & & 3,456.00 \\ \hline & Telephone Expense & & 15,760.00 \\ \hline & Merchandise Cost of Goods Sold (FIFO) & & \\ \hline 31 Dec & Income Summary & 83,642.39 & \\ \hline & Retained Earnings & & \\ \hline & & & \\ \hline 31-Dec & Retained Earnings & & \\ \hline & Dividends & & \\ \hline & & & \\ \hline \end{tabular} Peyton Approved Income Statement For Year Ending 12/31/2017 Bakery Sales Merchandise Sales Total Revenues Merchandise Cost of Goods Sold (FIFO) Baking Cost of Goods Sold Gross Profit \begin{tabular}{|r|} \hline 335,675.00 \\ \hline 35,200.00 \\ \hline 370,875.00 \\ 15,760.00 \\ \hline 137,400.00 \\ \hline 217,715.00 \\ \hline \end{tabular} Operating Expenses: Rent Expense Interest Expense Insurance Expense Depreciation Expense Amortization Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Total Operating Expenses: Net Income 83,642.39 \begin{tabular}{|l|r|r|r|r|} \hline & 2017 & 2016 & 2015 & Industry Standard \\ \hline Quick Ratio & & 2.2 & 2.8 & 1.75 \\ \hline Gross Margin & & 0.55 & 0.7 & 0.7 \\ \hline Net Margin & & 0.22 & 0.32 & 0.24 \\ \hline Return on Equity & & 0.9 & 0.78 & 0.8 \\ \hline \end{tabular}

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