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 Operauing 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 Total Assets 75,000 67.298 Accounts Payable 400,000 393.300 Loan Payable 416,000 413,402 Anistle Cruz, Capital 874,000 Total Liabilties and Equity 891,000

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 Operauing 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 Total Assets 75,000 67.298 Accounts Payable 400,000 393.300 Loan Payable 416,000 413,402 Anistle Cruz, Capital 874,000 Total Liabilties and Equity 891,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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