I need creating tha balance sheet and income sheet. I don't need the financial formulas. Thank you Given the following accounts with amounts, build the balance sheet, income statementand calculate current ratio, debt ratio, inventory turnover and gross profit margin for bothcompanies. Which company is riskier? Why? (Explain)COMPANY: "HABEMUS"Cash for wagesIncome tax payableBuildingsRetained earningsMaterialsBonuses payable (2 years)Certificate of Deposit for 4 monthsCost of goods soldWagesDocuments receivable (3 years)Long-term investmentLandCommon stockAutomobilesCash in banksChecking accountsAccounts payableAccounts receivableAccrued depreciation furnitureWork in process productsMortgage payable (3 years)CapitalInterest payableSalesWages payableLong-term payablesPetty cashEquipment and machineryFinished productsTaxesMaterial expensesDocuments payable (1.5 years)Furniture56,9875,9871,784,455126,88389,59646,9877,897456,8975,230,2447,99845,987245,087875,995245,98720,976145,98745,98823,00016,79934,98723,9852,000,0004,9875,894,8972,98734,9973,987345,98745,67834,89745,97656,986167,985

Income Statement An statement of income displays the income, costs, and a company's profitability…

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Accounting

I need creating tha balance sheet and income sheet. I don't need the financial formulas. Thank you

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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ces Given the following information, complete the balance sheet shown next. Collection period Days' sales in cash Current ratio Inventory turnover Liabilities to assets Payables period Assets Current assets: Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Liabilities and shareholders' equity Current liabilities: 71 days 33 days 2.2 times Accounts payable Short-term debt Total current liabilities Long-term debt Shareholders' equity Total liabilities and equity 5 65% 35 days $ $ 1,300,000 2,000,000 7,000,000
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Hello! look at the attached images and answee the following points: (a) Calculate ratios for the year ended 31 December 2021 (showing your workings) for Primrose Plc, equivalent to those provided above. Return on year-end capital employed Net asset turnover Gross profit margin Net profit margin Current ratio Closing inventory holding period Trade receivables’ collection period viii. Trade payables’ payment period Dividend yield Dividend cover (b) Analyse the financial performance and position of Primrose Plc for the year ended 31 December 2021 compared to 31 December 2020. (c) Explain the uses and the general limitations of ratio analysis. Thank you a lot!
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