What would be the classified Balance Sheet for Sandpiper as of December 31, 2020? After calculations, does the ASSETS sheet and Liabilities and Stockholders' Equity balance? Accounts Payable $34,600 Accounts Receivable $35,100 Accrued Liabilities $11,500 Accumulated Depreciation $35,600 Allowance for Doubtful Accounts $900 Bonds Payable[Long-term] $80,000 Cash and Cash Equivalents $33,600 Common Stock at par $1.50 (authorized 200,000 shares, issued xxxxx? shares, and XXXX? outstanding)-CALCULATE $75,000 Cost of goods sold $204,800 Current Portion of Long-Term Debt $5,600 Discounts on Bonds Payable $2,300 Equipment and vehicles $89,100 General and administrative expenses $92,100 Intangilbles - Net $14,300 Investments in Equity Securities[long-term] $5,000 Land[not used in operations] $25,600 Land and Building $145,300 Long-Term Debt Payable [not including current portion] $40,200 Merchandise Inventory (FIFO, Lower of Cost or Market) $28,700 Notes Payable[short-term] $6,500 Notes Receivable[short-term] $4,000 Notes Receivable[long-term] $16,500 Other Assets $3,800 Paid in Capital in Excess of Par - Common $28,500 Premium on Bonds Payable $1,500 Prepaid expenses $2,700 Provision for income taxes $26,100 Retained Earnings [12/31/2020 after closing entries] $88,470 Salaries Payable $2,800 Sales $427,800 Selling expenses $35,900 Trading Securities -at cost [current] $5,700 Treasury Stock - Common (2000 shares) $3,420 Unearned Revenues $3,300 Valuation Adjustment-Trading Securities (650) What are the following ratios to the nearest tenth? Current Ratio Quick Ratio Debt to assets ratio Ratio of fixed assets to long-term liabilities Ratio of total liabilities to stockholders' equity
What would be the classified Balance Sheet for Sandpiper as of December 31, 2020?
After calculations, does the ASSETS sheet and Liabilities and
Accounts Payable $34,600
Accrued Liabilities $11,500
Allowance for Doubtful Accounts $900
Bonds Payable[Long-term] $80,000
Cash and Cash Equivalents $33,600
Common Stock at par $1.50 (authorized 200,000 shares,
issued xxxxx? shares, and XXXX? outstanding)-CALCULATE $75,000
Cost of goods sold $204,800
Current Portion of Long-Term Debt $5,600
Discounts on Bonds Payable $2,300
Equipment and vehicles $89,100
General and administrative expenses $92,100
Intangilbles - Net $14,300
Investments in Equity Securities[long-term] $5,000
Land[not used in operations] $25,600
Land and Building $145,300
Long-Term Debt Payable [not including current portion] $40,200
Merchandise Inventory (FIFO, Lower of Cost or Market) $28,700
Notes Payable[short-term] $6,500
Notes Receivable[short-term] $4,000
Notes Receivable[long-term] $16,500
Other Assets $3,800
Paid in Capital in Excess of Par - Common $28,500
Premium on Bonds Payable $1,500
Prepaid expenses $2,700
Provision for income taxes $26,100
Salaries Payable $2,800
Sales $427,800
Selling expenses $35,900
Trading Securities -at cost [current] $5,700
Unearned Revenues $3,300
Valuation Adjustment-Trading Securities (650)
What are the following ratios to the nearest tenth?
Quick Ratio
Debt to assets ratio
Ratio of fixed assets to long-term liabilities
Ratio of total liabilities to stockholders' equity
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