Homework Answers
Answer:
Current Ratio = Current Assets / Current Liabilities = (28000 + 29000 + 7700 + 5100 ) / (54000 + 9900 )
= 69800 / 63900 = 1.09
Quick Ratio = Quick Assets / Current Liabilities = (28000 + 29000 ) / 63900 = 0.892
Cash Ratio = Cash & Cash Equivalents / Current Liabilities = 28000 / 63900 = 0.438
Working Capital = Current Assets / Current Liabilities = 69800 - 63900 = 5900
Return on Assets = Net Income / Total Assets = 37100 / 195500 = 18.98%
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View Number ab Wrap Text $ % Edit View Insert I wveOFF SU: DrawPage Layout Formulas Data Review Times New Roman 12 AA EEE BIU A Merge & Center v L M N G H F E C D a) Income Statement Income Statement VSU Accounting, Inc. For The Year Ended 12/31/2018 200,000 Service Revenue Supplies Expense Insurance Expense Depreciation-Iquipment Depreciation-Truck Wage expense Truck expense Rent expense Miscellenous expense Total expenses 19,300 7.900 13,100 11.200 62.900...
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BI U L- K L M C D E F G H I J 2) Prepare the Adjusted Trial Balance. Fill out lines with Account Names and fill in boxes with Dollar Numbers. Adjustments Dr. Cr. Adjusted Bal. Dr. Cr. 28,000 29,000/ 19,300 7.900 - Adjusted Trial Balance Unadjusted Bal. Dr. Cr. Cash 28,000 Accounts Receivable 29,000 Office supplies 27,000 Prepaid Insurance 13,000 Equipment 146,000 Accumulated Depreciation - Equipment 37,000 Trucks 81.000 Accumulated Depreciation - Trucks 40,000 Accounts Payable 54.000...
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IntroQuiz Winter2019 Q Search Sheet AutoSave OFF Homc Insert Page Layout Formulas Data Review View Share Insert Times NeW..11 AA- B Í U, i i,d, A, v/ Wrap Text Number Delete ▼ 恒恒ーMerge & Center, $, 96 , *.0.00 Conditional Format Cell Formatting as Table Styles Paste Sort & A11 : X Background: Plush Service Corporation Plush was founded in 2008 by Judy and Julie Plush. The company repairs espresso machines and grinders for coffee shops and other types of...
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I need some help understanding. thank you
File Home Insert Page Layout Formulas Data Review View Developer Help Share Commen AA 0 Custom PAE 15 A === F a Wrap Text Merge & Center D Times New Roman BIU A Font Insert elete - E J 48 0 Sort & Find & Filter Select 4 Ideas Pastel $ % | Sensitivity Conditional Format as Cell Formatting Table Styles Styles Format Clipboard Alignment Number Cells Editing Ideas Sensitivity F8 - x...
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