The following are three independent situations and a ratio that may be affected. For each...
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Accounting
The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31,2022, and (2) as of December 31,2023, after giving effect to the situation. (Round answers to 1 decimal place, eg6.8 or 6.8% Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $86,000. 3. Total assets at the beginning of 2021 were $660,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on credit. takncestrees Liabilities and Stockholders" Equity Notes payable (current) $170,000 $120,000 Accounts payable 65,000 52,000 Accrued liabilities 40,000 40,000 Bonds payable, due 2025 250,000 170,000 Commonstock, $10 par 200.000 200,000 Retained earnings 149,000 Total liabilities and stockholders' equity $874,000 116,000 The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31,2022, and (2) as of December 31,2023, after giving effect to the situation. (Round answers to 1 decimal place, eg6.8 or 6.8% Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $86,000. 3. Total assets at the beginning of 2021 were $660,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on credit. takncestrees Liabilities and Stockholders" Equity Notes payable (current) $170,000 $120,000 Accounts payable 65,000 52,000 Accrued liabilities 40,000 40,000 Bonds payable, due 2025 250,000 170,000 Commonstock, $10 par 200.000 200,000 Retained earnings 149,000 Total liabilities and stockholders' equity $874,000 116,000



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