The completed financial statement columns of the spreadsheet for Blossom Company are shown as follows: Blossom Company Worksheet For the Year Ended December 31, 2022 Account Income Statement Balance Sheet No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8,700 112 Accounts Receivable 10,600 130 Prepaid Insurance 2.600 157 Equipment 23.500 158 Accumulated Depreciation-Equip. 4,300 201 Accounts Payable 8.800 212 Salaries and Wages Payable 2.200 301 Owner's Capital 19.000 306 Owner's Drawings 11.800 400 Service Revenue 59.500 622 Maintenance and Repairs Expense 1.400 711 Depreciation Expense 2,900 722 Insurance Expense 1,600

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 $ 25, 364 Net sales (of goods) 18, 138 Total sales and revenue 43, 502 Cost of goods sold 15, 644 Net income 19, 551 Quick assets 90, 356 Current assets 97, 288 Total assets 121, 816 Current liabilities 820 Total liabilities 820 Total equity 120, 996 Required: Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. Compute the current ratio and acid - test ratio. Compute the debt ratio and equity ratio. What percent of its assets are current? What percent are long term?

Please help me.

Consider the following account balances of Evan McGruder, Incorporated, as of December 31, Year 3:   Accounts Payable $ 113,420 Retained Earnings $ 56,000 Equipment 422,900 Notes Payable, due Year 5 344,500 Common Stock 206,500 Accounts Receivable 203,800 Income Tax Payable 4,030 Cash 97,750 Required:Prepare a classified balance sheet at December 31, Year 3.

The completed financial statement columns of the spreadsheet for Oriole Company are shown as follows: The completed financial statement columns of the worksheet for Oriole Company are shown as follows: Oriole Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account Account Titles Dr. Cr. Dr. Cr. No. 101 Cash 9,100 112 Accounts Receivable 11,000 130 Prepaid Insurance 2,800 157 Equipment 24,300 158 Accumulated Depreciation-Equip. 4,500 201 Accounts Payable 9,200 212 Salaries and Wages Payable 2,500 301 Owner's Capital 19,500 306 Owner's Drawings 11,000 400 Service Revenue 60,500 622 Maintenance and Repairs Expense 1,700 711 Depreciation Expense 2,900 722 Insurance Expense 2,000 726 Salaries and Wages Expense 29,900 732 Utilities Expense 1,500 Totals 38,000 60,500 58,200 35,700 22,500 22,500 Net Income 60,500 60,500 58,200 58,200

Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $157,080 Interest expense 27,720 Average total assets 2,800,000 Determine the return on total assets? If required, round the answer to one decimal place.

Current Attempt in Progress From the ledger balances below, prepare a trial balance for Sheridan Company at June 30, 2022. All account balances are normal. Accounts Payable $1,700 Cash Common Stock Dividends Equipment 5,700 17,600 1,540 13,350 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $ Debit $ $8,950 $ 2,690 SHERIDAN COMPANY Trial Balance 3,660 1,310 Debit Credit Credit PIC COLLAG

Quick and EZ Delivery       Income Statement       Year Ended December 31, 2018   Revenues:       Service Revenue   $192,000 Expenses:       Salaries Expense $65,000     Rent Expense 9,000     Interest Expense 7,600     Insurance Expense 2,600                       Total Expenses     Net Income       Choose from any list or enter any number in the input fields and then click Check Answer.   2 parts remaining     Clear All Final Check       Data Table Land $12,000   Common Stock $20,000 Notes Payable 34,000   Accounts Payable 9,000 Property Tax Expense 3,100   Accounts Receivable 1,300 Dividends 35,000   Advertising Expense 10,000 Rent Expense 9,000   Building 139,600 Salaries Expense 65,000   Cash 2,200…

The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 8. November 20 9. December 30 Requirement The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 Provide storage services for cash, $144,100, and on account, $57,200. Collect on accounts receivable, $52,500. General Journal Receive cash in advance from customers, $13,900. Purchase supplies on account, $11,200. Pay property taxes, $9,500. Pay on accounts payable, $12,400. Pay salaries, $133,600. Issue shares of common stock in exchange for $37,000 cash. Pay $3,800 cash dividends to stockholders. Insurance expired during the year is $8,000. Supplies remaining on hand at the end of the year equal $3,900. Provide services of $12,800 related to cash paid in advance by…

Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) THORNTON COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Assets Current assets Cash $ 17,200 $ 12,200 % Marketable securities 21,600 6,800 Accounts receivable (net) 55,800 46,600 Inventories 135,100 143,000 Prepaid items 26,700 11,700 Total current assets 256,400 220,300 Investments 27,700 21,700 Plant (net) 271,900 256,700 Land 30,600 25,800 Total long-term assets 330,200 304,200 Total assets $ 586,600 $ 524,500 Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable $ 15,300 $ 4,900 Accounts payable 112,900 98,300 Salaries payable 20,900 13,300 Total current liabilities…