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Balance Sheet Assets: 2021 2022 ...

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Question

Accounting

Balance Sheet

Assets:

2021

2022

Cash

$10,000

$20,000

Accounts Receivable

$12,000

$15,000

Inventory

$20,000

$25,000

Property, Plant, and Equipment

$130,000

$150,000

Less: Accumulated Depreciation

($24,000)

($30,000)

Total Assets

$148,000

$180,000

Liabilities and Equity:

Accounts Payable

$8,000

$10,000

Notes Payable

$30,000

$40,000

Long-term Debt

$90,000

$100,000

Total Liabilities

$128,000

$150,000

Common Stock

$20,000

$20,000

Retained Earnings

$10,000

$20,000

Total Equity

$30,000

$40,000

Total Liabilities and Equity

$148,000

$180,000

a. Create a statement of Cash Flow b. Calculate Dividends per Share (DPS) using the retained earnings method for 2022 c. Calculate Debt-to-Equity Ratio d. Calcualte Gross Margin Ratio

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