Income statement is asked in question but informtion given is related to balance Sheet not related to income statement so iam preparing balance sheet Balance Sheet Assets Amount in $ Liabilites Amount in $ Non - Current Assets Building Equipment Non -Current Liabilites Long Term Loan Total Non -Current Liabilites 100000 100000 100000 100000 Total Fixed assets 200000 Current Liabilites Notes Payables Total Liabilites Equity Owners Equity Retained earnings Current Assets 20000 Account Recivables 10000 120000 Cash in Bank 20000 10000 100000 Total Assets 230000 Total Liabilites and Equity 230000

Q: What is the Total·assets·turnover ratio?

A: Ratio Analysis: The process of analyzing financial ratios and comparing its degree of performance…

Q: How do you make a horizontal analysis on an income statement and balance sheet?

A: Horizontal analysis of financial statements: In horizontal analysis of financial statement, the…

Q: calculate Net Income and total assets

A: Net Income of the business means income generated after deducting all the expenses and costs from…

Q: tatements:

A: The income statement determines the net income of the business by subtracting the total expenses…

Q: How do you create a common size balance sheet with all assets as a percentage of total assets

A: Common size statement analysis, as the name suggests, first converts the financial statement as a…

Q: Classify the item where it goes Income statement , balance sheet

A: Introduction: Income statement: All revenues and expense items are shown in income statement. It…

Q: Explain the components of income statement, Owners equity Statement and Balance sheet statement?

A: Income Statement:   It is a financial statement prepared by a company at the end of a financial…

Q: Define Debt-to-equity ratio

A: Debt to equity ratio is an important ratio which is used by the companies in order to determine the…

Q: Dividing quick assets by current liabilities is the calculation for the a.ratio of liabilities to…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: Perform the calculation for each ratio, and provide an explanation of the result. a. Return on…

A: Given: Particulars Amount Net income -$522,000 Accounts receivables $300,000 Current assets…

Q: Adjusted Trial Balance Debit Credit $ 32,000 17,300 6,400 Cash Accounts receivable Prepaid insurance…

A:

Q: how to calculate and interpret basic financial statement ratios?

A: The question is based on the concept of Financial Accounting. Financial ratios are a mathematical…

Q: Organize the following under Income Statement, Share Holder's Equity, and Balance Sheet. a.…

A: The financial statement is used for reporting the financial performance of the company over a…

Q: P 52,500 14,500 12,500 ? Machinery Accrued expenses Unearned income Cash P 55,000 7,000 5,000 21,000…

A: Solution: Total Assets = Note receivables + Office equipment + Accrued income + Machinery + Cash =…

Q: CARIBBEAN CREAM LIMITED Statement of Financial Position February 28, 2021 (Expressed in Jamaica…

A: Financial leverage is defined as the financial leverage, which assess an ability of the corporation…

Q: How is a financial ratio analysis performed? Comparing two items in financial statements. Evaluating…

A: Performing a financial ratio analysis involves examining and interpreting various ratios derived…

Q: Discuss each group of ratio’s relationship to the balance sheet and income statement. Liquidity…

A: Ratio Analysis is a quantitative tool or method used for gaining insights into a company's…

Q: explain financial ratios and financial cycle

A: Financial ratios are designed using the numerical values taken from financial statements to obtain…

Q: ACTUAL PROJECTED FOR THE YEAR ENDED 31 DECEMBER 2017 FOR THE YEAR ENDED 31 DECEMBER 2016 2018 2019…

A: Lets first understand the meaning of the ratios. Debt equity ratio indicates the how much total…

Q: e help with current cash debt coverage ratio and cash debt ratio

A: Cash flows from operating activities:-Cash flow from operating activities is the cash inflows or…

Q: Fees Earned $165,000 Cash $30,000 Selling Expenses Scott, Capital Accounts Receivable 14,000 44,000…

A: SOLUTION-   TOTAL ASSETS REFERS TO THE SUM OF THE BOOK VALUES OF ALL ASSETS OWNED BY AN INDIVIDUAL…

Q: Based on the balance sheet and income statement ATTACHED; 1. what is the net profit margin 2. what…

A: Ratio measurement is in terms of Financial world, depicts that a single accounting figure by itself…

Q: Define the terms assets and liabilities and give examples of each

A: Assets means anything which is owned by business and used in business. Liabilities means which the…

Q: Computing liquidity, working captial and current ratio. Computing measures of profitability, profit…

A: Liquidity ratios emphasizes on the company’s ability to fulfill the current obligations out of the…

Q: Quick assets divided by current liabilities is the: Select one: a.Current ratio. b.Working capital…

A: Quick assets are the highly liquid assets that include all the current assets except inventory and…

Q: Debit Credit Cash Accounts receivable $ 42,000 11,300 14,800 Prepaid insurance Accounts payable…

A: Formula: Net income = Revenues - expenses

Q: Write the formula for the following ratios and what each ratio measures:

A: Ratios are the measure which are used by the company to measure actually as well as it shows the…

Q: Console Company reported capital at P1,700,000 on January 1, 2016 and P2,400,000 on December…

A: For computing Net income we should use merchandise withdrawn having carrying value of P100, 000 and…

Q: During January, Bagon Corp. for legal consultations had the following transactions: Jan 1 Jan 1 Jan…

A: A company's assets, liabilities, equity capital, total debt, and other items as of a specific point…

Q: What differentiates things reported on the income statement from those reported on the balance sheet…

A: The Answer

Q: Consider the following company’s balance sheet and income statement Return on assets. Return on…

A: We need to compute the profitability  ratios using the given  financial statements.

Q: Current Assets value in the balance sheet ?

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: Based on the balance sheet that given, calculate and explain the A. Liability ratio B. Asset ratio…

A: Ratio analysis is very important technique of analysis and review. Various types of ratios are…

Q: Total Current assets value to be reported in Balance sheet?

A: Introduction: Current Assets: Current Assets are the most liquid Assets like cash and cash…

Q: The following information is available from the most recent financial statements of the Attaché…

A: Debt to asset ratio = Total liabilities/Total assets x 100

Q: Compute the following ratio analysis: Return on Equity Return on Assets Gross Profit Margin…

A: Return on equity measures the return of common stockholders in firm . it can be calculated Return on…

Q: When should an average amount be used for the numerator or denominator? When the denominator is a…

A: The average amount is used for maintaining the nearest accuracy of the financial ratio. It helps the…

Q: How to compute the ratio of liabilities to owner's equity

A: Ratio of Liabilities to Owner Equity is Also called Debt To equity ratio.   Debt to equity ratio…

Q: Income statement and balance sheet

A: Income statement and balance sheet are two important financial statements which are prepared for the…

Q: 2. Current ratio x 3. Debt-to-equity ratio x

A: Ratio analysis is a technique used to assess a company's financial performance by comparing…