calculate the following: a. working capital b. current ratio c. Profit Margin ...

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Question

Accounting

calculate the following:

a. working capital

b. current ratio

c. Profit Margin

d. Receivable turnover ratio

e. Asset Turnover Ratio

f. Return on Assets

Income Statement:

Plants from paradise

Income statement

Year ended December 31, 2021

Revenues

Plants

$167,894

Soil

$45,673

Delivery

$12,345

$225,912

Less: Cost of Goods Sold

$106,784

Gross Profit

$119,128

Operating Expenses

Utilities expenses

$2,275

Salaries expenses

$29,154

Depreciation expense

$15,500

Repairs expense

$3,700

Bad debit expense

$4,500

Interest expense

$2,860

Total Operating Expenses

$57,989

Profit/Loss

$61,139

Statement of Owners Equity:

Plants from paradise

Owner`s equity

December 31, 2021

(capital)

$111,854

Profit

$61,139

Total owner`s equity

$172,993

Balance Sheet:

Plants from paradise

Balance sheet

December 31, 2021

Assets

Current Assets

Cash

$12,200

Accounts receivable

$18,859

Allowance for doubtful accounts

$500

$18,359

Interest receivable

$3,000

Inventory soil

$15,500

Inventory plants

$12,500

Total Current Assets

$61,559

Property, plant and equipment

Building

$145,000

Accumulated depreciation (building)

$22,000

$123,000

Equipment

$45,500

Accumulated depreciation (equipment)

$19,500

$26,000

Total Assets

$210,559

Liabilities and Owners Equity

Current Liabilities

Accounts payable

$19,576

Salaries payable

$7,875

Interest payable

$515

Unearned revenue

$7,600

Line of credit

$2,000

Total Current Liabilities

$37,566

Total owner`s equity

$172,993

Total liabilities and owner`s equity

$210,559

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