•Compute for the profitability ratio, operating efficiency, and financial health of the given data below. 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 StoreC&F StoreStatement of Comprehensive IncomeFor the period ending December 31Statement of Financial PositionAs of December 312014201520142013810,000.00686,000.00Cash110,00087,400SalesAccounts Recervable69,920Cost of Goods Sold348,300.00301,750.0090,000Inventory129,000218,500Gross Profic461,700.00384,250 00Prepaid Renz12,0004,370Operatung Expenses234,900.00205,800.00Delivery Van550,000493,810Interest Expense40,500.0017,150.00Total Assets891,000874,000Net Income186,300.00161,300.00Accounts Payabie75,00061.298Loan Payable400,000393,300Anistle Cruz, Capital416,000413,402Total Labilties and Equity 891,000874,000

Profitability ratio shows the ability of the company to generate income relative to its revenue,…

> 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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