Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $15. Atthe start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were asfollows:CashAccounts ReceivableSuppliesEquipmentBuildingsLandAccounts PayableDeferred RevenueNotes Payable (due 2025)Common StockRetained Earnings$ 1,500,000150,00014,700874,500422,0001,200,000108,00073,50060,0002,500,0001,419,700In addition to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salaries and Wages Expense,Advertising Expense, and Utilities Expense.The January transactions are shown below:a. Received $50,000 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020.b. Purchased 10 new computer servers for $33,500 on 1/2; paid $10,000 cash and signed a three-year note for the remainder owed.c. Paid $10,000 for an Internet advertisement run on 1/3.d. On January 4, purchased and received $3,000 of supplies on account.e. Received $170,000 cash on 1/5 from customers for service revenue earned in January.f. On January 6, paid $3,000 cash for supplies purchased on January 4.g. On January 7, sold 15,000 subscriptions at $15 each for services provided during January. Half was collected in cash and half wassold on account.h. Paid $378,000 in wages to employees on 1/30 for work done in January.i. On January 31, received an electric and gas utility bill for $5,350 for January utility services. The bill will be paid in February. RequirementGeneralJournalGeneralLedgerTrial BalanceCalculate net profit margin, expressed as a percent.(Round your answer to 1 decimal place.)Net Profit Margin%Balance SheetIncomeStatementStmt ofRetainedEarningsAnalysis >Balance SheetAnalysis

Net profit margin is one of the profitability ratio being used in business. This shows ratio of net…

Requirement General Journal General Ledger Trial Balance Calculate net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) Net Profit Margin % < Balance Sheet Income Statement Stmt of Retained Earnings Analysis > Balance Sheet Analysis

Requirement General Journal General Ledger Trial Balance Calculate net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) Net Profit Margin % < Balance Sheet Income Statement Stmt of Retained Earnings Analysis > Balance Sheet Analysis

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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How can I find out z-score from financial statement or balance sheet? Can you describe in detail how do i find out all the numbers i need for it? For example for gross profit ,argin I need gross profit to divide with sales. How can I do z-score? Thank you
KINDLY ANSWER PARTS IV & V FOLLOWED BY PART B.i,ii,iii
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Hh1.
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