Balance Sheet Assets: 2021 2022 ...
90.2K
Verified Solution
Link Copied!
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
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.