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  3. la based on the following data, prepare a balance

la Based on the following data, prepare a balance sheet for 4D's Company Answers #1...

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Accounting

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la Based on the following data, prepare a balance sheet for 4D's Company Answers #1 Assets Liabilities and Equity 4,000 Yr. Xxx1 Balance Sheet Cash Patents Common equity Accounts payable Accounts receivable Taxes payable Net Machinery Bonds payable Accumulated retained earnings Capital surplus (paid-in capital) $2,000 45,000 6,000 8,000 2,000 34,000 30,000 6,000 39,000 1b Prepare an income statement based on the following data about the 4D's Company in Year 2002. Assume income tax rate of 24 percent. Income statement Yr Xxx2 Income Statement Selling, general, and administrative expenses Sales Cost of goods sold Interest expense Depreciation 10,000 55,000 20,000 3,000 3,000 1-2 16 Based on the balance sheet and income statement you prepared in What is the 4D's ROE in Year 2002 id Calculate interest coverage ratio

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