Then balance off the accounts and extracted a trial balance for sole trader Airman Co. as at 30 September 2020: DR CR £ £ Capital £306,070 Drawings 26,500 Cash at bank 20,000 Cash in hand 8500 Accounts receivable (Debtors) 70,000 Accounts payable (Creditors) 16,000 Inventory (Stock): 30 September 2019 36,000 Van 16,000 Fixtures and Fittings 32,000 Sales 80,000 Purchases 150,000 Return inwards (Sales Returns) 2,000 Carriage inwards 720 Returns outwards (Purchase Returns) 600 Carriage outwards 400 Motor expenses 1200 Rent 5,000 Telephone charges 620 Wages and salaries 32,000 Insurance 830 Office expenses 600 Sundry expenses 300 437,600 437,600 Inventory as at 30 September 2020 was £120,000. Required a. Draft an Income Statement for S. Keyes for the year ending 30th September 2019

Create T accounts for the following data Date Account name debit credit Jan 1 Cash 180000     Building 630000     Land 220000     Common stock   700000   Premium on issue of common stock   280000 Jan 1 Pre paid insurance 72000     cash   72000 Feb 1 cash 150000     3yr  4% note payable   150000 Mar 1 Cash  280000     Service revenue   280000 Jul 1 cash 485000     Discount on bond issued 15000     6% 5yr   500000 Dec 31 Interest on Bond expense 15000     cash   15000 Dec 31 Interest on note payable expense 29052     5yr 6% note payable 25000     cash   54052 Dec 31 Dividend 40000     Dividend payable   40000 Dec 31 Depreciation expense 21000     Accumulated Depreciation    21000 Dec 31 Insurance Expense  36000     prepaid insurance   36000

On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances:Accounts                                     Debit            CreditCash                                           $ 42,700Accounts Receivable                     44,500Supplies                                          7,500Equipment                                    64,000Accumulated Depreciation                                $ 9,000Accounts Payable                                               14,600Common Stock, $1 par value                             10,000Additional Paid-in Capital                                   80,000Retained Earnings                                               45,100Totals                                        $ 158,700        $ 158,700During January 2021, the following transactions occur:January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000.January 9 Provide services to customers on account, $14,300.January 10 Purchase…

The management of Kosoko traders wants to establish theamount of financial needs for the next two years.Thebalance sheet of the firm as at 31stDecember 2016 is asfollows:Shs.‘000’Net fixed assets 124,800Stock 38,400Debtors 28,800Cash 7,200TotalAssets 199,200Financedby:Ordinary share capital 84,000Retained earnings 35,20012%long-term debt 20,000Trade creditors 36,000Accrued expenses 24,000TOTAL 199,200For the year ended 31st December,2016sales amounted to sh.240,000,000.The firm projects that the sales will increase by15%in 2017and 20% in 2018.After tax profit on sales has been 11% but the management ispessimistic about future operating costs and use anafter-tax profit on sales rate of 8%per annum by 2018.The firmintends to maintain it's dividend pay out ratio 80%.Assets areexpected to vary with sales,while trade creditors and accruedexpenses form the spontaneous sources of financing.Any external financing will be effected through the use of commercial paper.calculate amount of external…

2021 2020 2019 2018 2017 Current Ratio 0.95 times 1.3 times 1.1 times 1.2 times 1.3 times Days in Accounts Receivable  50 days 45 days 40 days 35 days 30 days Days in Inventory 38 days 28 days 21 days 23 days 25 days Return on Equity 20% 15% 20% 19% 18% Debt to Total Assets 55% 45% 37% 35% 35% Profit $300,000 $250,000 $270,000 $240,000 $220,000   Discuss the trend in Profitability.

Bankruptcy Risk and Z-Score Analysis Following are selected ratios for Logitech International SA for the company's 2019 fiscal year. $ thousands (except per share numbers) Current assets Current liabilities Total assets Retained earnings Price per share Check $1,350,436 EBIT $717,819 Total liabilities Compute and interpret the Altman Z-score. Do not round computations until your final answer. Round answer to two decimal places. 4,268.91 x $263.194 $847.785 $2.024,124 Sales revenue $2.788,322 $1.365.036 Shares outstanding 165.852.887 $39.34