Revenues: Jan. Gains: Feb. $22,500 1,200 3,700 21,620 Losses: Mar. Expenses: Feb. Gains: Jan. Revenues: Mar. 42,800 1,600 45,100 Losses: Feb. Expenses: Mar. Losses: Jan. Revenues: Feb. Expenses: Jan. Gains: Mar. 37,550 20,760 5,600

The following account balances were determined for sporting pens company as of December 31, 2021. Prepare an income statement, a statement of owners equity and a balance sheet for supporting pens company as of December 31, 2021. 

Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2022, and from its March 31, 2022, balance sheet to complete the requirements. Computer services revenue Net sales (of goods) Total sales and revenue Cost of goods sold Net income Quick assets Current assets Total assets Current liabilities Total liabilities Total equity Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Required 1 Required 2 Complete this question by entering your answers in the tabs below. $ 27,275 19,083 46,358 12,572 18,807 89,252 97,520 123,464 Gross margin ratio Net profit main ratio 885 885 122,579 Required 3 Required 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. Note:…

River Valley Production Inc. seeks to increase its market share and improve its results. The company takes as a starting point the current scenario and the results obtained in 2018 and 2019. Like other companies, River Valley uses financial ratios (ratios) as tools for analyzing the results obtained at the end of the period. Consider the data presented in the financial statements below and analyze the company's results based on the financial ratios. Balance Sheet 2018 2019 Cash $63,000 $201,000 Accounts Receivable 199,000 305,000 Marketable Securities 81,000 42,000 Inventories 441,000 455,000 Prepaids 5,000 9,000        Total Current Assets 789,000 1,012,000 Property, Plant, and Equipment, net 858,000 858,000        Total Assets $1,647,000 $1,870,000       Account Payable $150,000 $100,000 Accruals               101,000          95,000         Total Current Liabilities $251,000…

Here is the operating data for Yalis Cleaning, Inc.: After analyzing the transactions, prepare a vertical analysis schedule for the company for 2021 and 2020 using service revenue as the base amount. Round percentages to two decimal places.

On the attached page prepare a well-formatted multi-section income statement for the Fiona Company for the fiscal year ending December 31, 2020 from the data below. Use the entire figures as shown on your income statement.Note: For items in section 2 (Other Items) and section 4 (Below-the-line Items) use brackets if an item will have a negative impact on earnings.   In section 1 individual items are not generally shown in brackets except for calculated margins or totals if negative.   Cost of Goods Sold amounted to $20,000. Sale of equipment that had a historical cost of $1,400 had accumulated depreciation of $910 and was sold for $890. The tax rate related to such a transaction is 25%. Non-taxable interest income on municipal bonds of $300 Sales revenue totaled $35,000. Interest expense totaled $500 for the period. Selling and Administrative Expenses amounted to $6,000 The company discontinued operations during the year that will result in total losses before taxes of $2,000. This…