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what is the total net non operating amount, and total net profit. what is the total operating income for the year and what is the
what is the total net non operating amount, and total net profit. what is the total operating income for the year and what is the gross profit percentage and total assets at the end of year. what is the companies working capital and current ratio. what is the retained earnings balance at years end and what is the compaines quick ratio at year end. lastly the total gross profit for the year
Below is information on XYZ Company for December 31, 2018. Prepare a multi-step income statement for the period Cash 382,000 Accounts Receivable 207.000 Marketable Securities 54,600 Prepaid rent 16,000 Office supplies .11,000 Equipment 200,000 Accumulated depreciation equipment 155,000 Land 190,000 Accounts payable 34,000 Dividends payable 30,000 Interest payable. .8,000 Income tax payable 15,000 Unearned client service revenue. 51,000 Notes payable 227,000 Common stock ..250,000 Retained earnings (beginning Balance 1/1/2018). 224,000 Dividends Declared 45,000 Sales. $220,000 Cost of goods sold S52,800 Interest revenue $1,500 Interest expense $5,200 Income tax expense. $ 300 Selling expenses Sales salaries and commissions $18,000 Insurance expense... $5,600 Advertising expense $8,500 Depreciation expense: equipment. ..$600 Delivery expense $700 General and administrative expenses: Executive and administrative salaries $12,700 Utilities expense $4,200 Rental expense $800 Utilities expense.. $500 acer Step by Step Solution
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