please answer all the questions step by step.thanks 01 please fill the in...

90.2K

Verified Solution

Question

Accounting

image

image

please answer all the questions step by step.thanks

01 please fill the in the blank in the following balance sheet statement ASSETS CURRENT ASSETS 2010 2009 Accounts receive $6,500 $11,500 351000 519,000 SISS,000 $147.500 $200,000 TOTAL CURRENT ASSETS Plast and equip TOTAL ASSETS S187.00 $177,000 $385.000 LIABILITIES AND EQUITY CURRENT LIABILTIES Accounts payable $1,300 $25.00 22.00 $85.000 104.000 100.000 S185,000 S204,000 TOTAL CURRENT LIABILTIES Bonds payable TOTAL LIABILTIES EQUITY Common stock Paid in capital Retained earnings S TOTAL EQUITY TOTAL LIABILTIESAS EQUITY SI 50,000 $150,000 $20,000 $20,000 S11.000 $215,000 SIN1,000 SJN5,000 A- Calculate the current ratio and the quick ratios for the years 2010 & 2009 and explain what information did they tell you about the company? B- Calculate Debt to assets ratio and debt to equity ratio for both years 2010 & 2009 and explain what story do they tell about the company? Q2- please fill in the next schedule Revenue (net sales) $75,478,221 Cost of sales $52,227,004 Gross margin Research & development expenses $2.158,677 Selling, general, and admin expenses $8.726,696 Operating income $12,365,844 Interest expense $363.000 Interest and dividend revenue $43,533 Royalty revenue $420,010 Income before income tax taxes $4.986.555 Net income the average total assets is $36,236,065 calculate the following ratios 1- ROI 2- Assets turnover 3- Net margin 4- What is the percentage of COST OF GOODS SOLD, OPERATING INCOME, AND THE NET INCOME from the net sales

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students