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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Compute for the profitability ratio, operating efficiency, and financial health of the given data below.
![ALUATION
> Compute for the profitability ratio, operating efficiency, and financial health of the given data below.
> Write your answer on a separate sheet of paper.
C&F Store
C&F Store
Statement of Financial Position
Statement of Comprehensive income
For the period ending December 31
As of December 31
2014
2013
2014
2015
Cash
110,000
87,400
Sales
810,000.00
686,000.00
Accounts Receivable
90,000
69,920
Cost of Goods Sold
348,300.00
301,750.00
129,000
218,500
Gross Profit
461,700.00
384,250 00
Inventory
12,000
4,370
Operatung Expenses
234,900.00
205,800.00
Prepaid Rent
550,000
493,810
Interest Expense
40,500.00
17,150.00
Delivery Van
891,000
874,000
Net Income
186,300.00
161,300.00
Fotal Assets
75,000
61.298
Accounts Payabie
400,000
393.300
Loan Payable
416,000
413,402
Anistle Cruz, Capital
891,000
874,000
Total Liabilties and Equity](https://content.bartleby.com/qna-images/question/9607211a-662b-431b-93e9-e5188fe349bc/e3ce20c6-79c9-47b1-96b8-25fcbb0595d1/t1urt1_thumbnail.jpeg)
Transcribed Image Text:ALUATION
> Compute for the profitability ratio, operating efficiency, and financial health of the given data below.
> Write your answer on a separate sheet of paper.
C&F Store
C&F Store
Statement of Financial Position
Statement of Comprehensive income
For the period ending December 31
As of December 31
2014
2013
2014
2015
Cash
110,000
87,400
Sales
810,000.00
686,000.00
Accounts Receivable
90,000
69,920
Cost of Goods Sold
348,300.00
301,750.00
129,000
218,500
Gross Profit
461,700.00
384,250 00
Inventory
12,000
4,370
Operatung Expenses
234,900.00
205,800.00
Prepaid Rent
550,000
493,810
Interest Expense
40,500.00
17,150.00
Delivery Van
891,000
874,000
Net Income
186,300.00
161,300.00
Fotal Assets
75,000
61.298
Accounts Payabie
400,000
393.300
Loan Payable
416,000
413,402
Anistle Cruz, Capital
891,000
874,000
Total Liabilties and Equity
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