3 Dive In Company was started several years ago by two diving instructors. The company's comparative balance sheets and inco statement, as well as additional information, are presented below. 50 points Balance Sheet at December 31 Cash eBook Accounts Receivable Prepaid Rent Print References Total Assets Salaries and Wages Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Service Revenue Salaries and Wages Expense Rent and Office Expenses Net Income Additional Data: Current Year Previous Year $ 5,450 1,000 100 $ 4,600 2,000 200 $ 6,800 $ 850 2,200 3,750 $ 6,800 $ 44,950 40,000 4,150 $ 800 a. Rent is paid in advance each month, and Office Expenses are paid in cash as incurred. b. An owner contributed capital by paying $700 cash in exchange for the company's stock. $ 6,550 $2,100 1,500 2,958 $ 6,550

PURRFECT PETS, INC. Balance Sheet at June 30, Year 1 Assets       Liabilities       Cash $ 732,700   Accounts Payable $ 349,100   Accounts Receivable   419,300   Notes Payable due June 30, Year 3   268,900   Supplies   58,410   Total Liabilities   618,000   Equipment   118,600           Other Assets   69,410   Stockholders' Equity               Common Stock   662,000           Retained Earnings   118,420           Total Stockholders' Equity   780,420   Total Assets $ 1,398,420   Total Liabilities & Stockholders’ Equity $ 1,398,420     How much financing did the stockholders of Purrfect Pets, Inc., directly contribute to the company?

1 Required Information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Assets Cash Req 1 For both the current year and one year ago, compute the following ratios 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Accounts receivable, net Merchandise inventory Prepaid…

Adams Company reports the following balance sheet accounts as of December 31. $ 7,200 Retained earnings 74,200 Notes payable (due in 9 years) 8,200 Office supplies 6 Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock Required: Prepare a classified balance sheet. Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities 16,400 Land 22,000 Accumulated depreciation-Building 5,400 Mortgages payable (due in 5 years) 16,000 Cash 14,000 ADAMS COMPANY Balance Sheet December 31 Assets Liabilities Equity P Prev 8 of 8 $ $ $ ‒‒‒ --- T 0 0 0 0 0 0 0 Next $ 70,000 54,000 4,400 46,000 7,400 36,000 40,000

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please answer questions 4, 5, 6, and 7