> Write your answer on a separate sheet of paper. CaF Store Statement of Comprehensive Income For the period ending December 31 C&F Store Statement of Financial Position As of December 31 2014 2015 2014 2013 810,000.00 686,000.00 Cash 110,000 87,400 Sales Accounts Recevable 90,000 Cost of Goods Sold 348,300.00 301,750.00 69,920 Gross Profit 461,700.00 384,250 00 Inventory 129,000 218,500 Prepaid Rent 12,000 4,370 Operating Expenses 234,900.00 205,800.00 Delivery Van 550,000 493.810 Interest Expense 40,500.00 17,150.00 Total Assets 891,000 874,000 Net Income 186,300.00 161,300.00 Accounts Payabie 75,000 61.298 Loan Payable 400,000 393.300 Anstle Cruz, Capital 416,000 413,402 Total Liabilties and Equity 891,000 874,000
> Write your answer on a separate sheet of paper. CaF Store Statement of Comprehensive Income For the period ending December 31 C&F Store Statement of Financial Position As of December 31 2014 2015 2014 2013 810,000.00 686,000.00 Cash 110,000 87,400 Sales Accounts Recevable 90,000 Cost of Goods Sold 348,300.00 301,750.00 69,920 Gross Profit 461,700.00 384,250 00 Inventory 129,000 218,500 Prepaid Rent 12,000 4,370 Operating Expenses 234,900.00 205,800.00 Delivery Van 550,000 493.810 Interest Expense 40,500.00 17,150.00 Total Assets 891,000 874,000 Net Income 186,300.00 161,300.00 Accounts Payabie 75,000 61.298 Loan Payable 400,000 393.300 Anstle Cruz, Capital 416,000 413,402 Total Liabilties and Equity 891,000 874,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
•Compute for the profitability ratio, operating efficiency, and financial health of the given data below.
Transcribed Image Text:na item deducted from the unadjusted bank balance.
of the bank reconciliation.
hook balance.
EVALUATION
> Write your answer on a separate sheet of paper.
C&F Store
C&F Store
Statement of Comprehensive Income
For the period ending December 31
Statement of Financial Position
As of December 31
2014
2015
2014
2013
810,000.00
686,000.00
Cash
110,000
87,400
Sales
Accounts Recervable
69,920
Cost of Goods Sold
348,300.00
301,750.00
90,000
Inventory
129,000
218,500
Gross Profic
461,700.00
384,250 00
Prepaid Renz
12,000
4,370
Operatung Expenses
234,900.00
205,800.00
Delivery Van
550,000
493,810
Interest Expense
40,500.00
17,150.00
Total Assets
891,000
874,000
Net Income
186,300.00
161,300.00
Accounts Payabie
75,000
61.298
Loan Payable
400,000
393,300
Anistle Cruz, Capital
416,000
413,402
Total Labilties and Equity 891,000
874,000
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