70.2K

Verified Solution

Link Copied!

I need help with question 11-19 only please on the problem PR 17-4A

PR 17-A Nineteen measures of solvency and profitability On. 2, 5. Number of days the comparative financial statements of Betancon Incare as follows. The market price gies in receivables , 36.5 of Delacort Ine common stock was 171 25 on December 31, 2016 Cancer Inc Comparative Retained earnings Statement For the Year Ended December 31, 2010 and 2015 2016 2015 Retained earnings, January 1, Add net income for year S2655,000 $2,400000 2BD got 2,955,000 Deduct dividends: On preferred stock S 15,0c Retained earning December 31 1000 5000 $2,930,000 ,000 $2.655,000 Betancor Inc Comparative Income Statement For the Years Ended December 31, 2016 and 201s 2016 2015 $1,200,000 $1,000,000 Cost of goods sold assess rates as 500,000 475,000 Gross profit war. $700,000 $ S2S,000 Selling expenses are $ 240000 $ 200,000 Administrative expenses as an areas are 180 000 Total operating expenses , an S 420,000 $ 3s0,000 Income from operations , are arran is rare an S 280,000 $175,000 Other income was a 166000 225,000 $ 46000 $ 400,000 Other expense interest) .. a reasons as a star 60,000 Income before income tax .......... $ 380,000 $ 340,000 Income tax expense............................................ 80,000 60,000 Net assets to income $ 300,000 $ 280 ,000

Answer & Explanation Solved by verified expert

See Answer