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Accounting

Need explanation and assistance to complete. Please provide detailed explanation for area circled.

imageimageimageimage Balance Sheets December 31 Unknown environment 'tabular' Additional information: 1. Inventory at the beginning of 2024 was $116,000. 2. Accounts receivable (net) at the beginning of 2024 were $88,000. 3. Total assets at the beginning of 2024 were $642,000. 4. No common stock transactions occurred during 2024 or 2025. 5. All sales were on credit. iurent ratio, Asset turnover and Earnings per share to 2 decimal places, e.g. 15.50. Round \% change to 0 decimal places, for e.g. 1%. Round II other answers to 1 decimal place, e.g. 15.5 . If \% change is a decrease show the numbers as negative, e.g. 1% or ( 1%).) he following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) s of December 31, 2025, and (2) as of December 31, 2026, and percentage change in each ratio after giving effect to the ituation. (Round Debt to assets ratio to 0 decimal places, e.g. 15 and round all other answers to 1 decimal place \& intermediate alculation to two decimal places wherever required, e.g. 15.5. Round \% change to 0 decimal places, for e.g. 1% and if \% change is a ecrease show the numbers as negative, e.g. 1% or (1\%).)

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