Credit Debit 2$ 2$ 80,800 469,600 252,000 27,000 16,000 12,000 190,000 650,000 550,000 Cash Accounts receivable Inventory Trading investments Supplies Prepaid insurance Land Building 5 Equipment S Acc. Depreciation - equipment Acc. Depreciation - building B Accounts payable 9 Uneamed revenue 0 Income tax payable 1 Bank loan payable 6% 22 Common shares 23 Retained eamings 24 Dividends declared 25 Sales 26 Interest Income 27 Sales retums and allowances 28 Sales discounts 29 Freight in expense 30 Purchases expense 31 Depreciation expense 32 Income tax expense 33 Insurance expense 34 Interest expense 35 Freight out expense 36 Salaries and wages expense 37 Purchase retums 38 Purchase discounts 39 Utilities expense 220,000 195,000 276,400 34,600 5,000 300,000 500,000 727,000 160,000 1,323,600 7,100 25,000 17,000 84,000 660,400 68,000 41,700 72,000 22,000 36,600 158,000 45,300 25,700 40 67,600 41 42 3,659,700 43 3,659,700 44 45 46 47

Subject: acounting

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Current fiscal year Accounts receivable: 4,532 Inventory: 5,372 Property, plant, and equipment, net: 9,178 Accounts payable: 3,183 Long-term debt: 14,001 Depreciation and amortization expense: 1,831 Net income: 5,791 The next year's forecasted balances for above accounts Accounts Receivable: 4,351 Inventory: 5,050 Property, plant, and equipment, net: 9,637 Accounts payable: 4,584 Long-term debt: 18,341 Depreciation and amortization expense: 1,977 Net income: 4,922 1. Using only the information given abouve what is the forecasted amount for Cash Flows from Operating Activities?

Calculate Swifty's gross profit percentage and percentage markup on cost for each fiscal year. (Round answers to 2 decimal places, eg. 52.75.) Percentage gross profit Percentage markup on cost Fiscal 2023 35.74 % 3.43 % Fiscal 2022 36.13 % 5.67 %

WELL8 TECHNICAL INBTITUTE Income statement For Year Ended December 31

Question 51: In the vertical analysis of an income statement, what is the base (100%) figure? Answer:   A.    Total expenses     B.    Total revenues     C.    Total assets     D.    Net income

2020    Revenue   $432,000    Returns, allowances, discounts   ($21,600)    Cost of goods sold   ($280,800)    Operating expenses   ($45,000) Net Income   $84,600 Use the above information to calculated the gross margin/profit  ratio.

Subject: acounting

Compute NET Profit margin ratio