Profitability (Earning Power) ASSET MANAGEMENT RATIOS: Overall Efficiency Ratios ASSET MANAGEMENT RATIOS: Working Capital Cycle Ratios
Accounts Payable $ 1,555,212.85 7.101216 14 Average Payment Period 360 360 50.69554 Accts. Pay. Turnover $ 7.10
** Todo this properly not enough information is provided so I am using the Prel balance as t Visual Method Peyton Approved Statement of Retained Earnings For Year Ended 12/31/20XX Beginning Balance: 2213122.59 plus Comprehensive Income 12111457 less Dividends: Preferred 50000 Common 5250000 Ending Balance 9024579.6 Accounts Prel Balance 12/31/xx Balance Current Assets: 1,488,999.34 1,488,999.34 Marketable Securities 5,500,000.00 5,235,000.00 Accounts Receivable 7,092,495.88 7,092,495.88 Baking Supplies 1,605,098.52 1,605,098.52 Merchandise Inventory 128,152.63 128,152.63 Prepaid Rent 71,877.07 71,877.07 Prepaid Insurance 207,834.14 207,834.14 Misc. Supplies 17,647.42 17,647.42 Accured Expenses 6,288,160.31 6,364,420.92 76,260.61 Notes Pay 4,000,000.00 4,000,000.00 - Common Stock 1,750,000.00 1,750,000.00 - Retiained Earnings 9024579.5975 9024579.5975 - Total Liab & SHE 19,537,963.00 19454052.398 (83,910.60) To record Unrealized Loss on Marketable Securities To adjust income taxes for correct effective rate: $1,500 Meals permanent difference X 25% To record Deffered taxes for timing difference on book vs MACRS Depreciation To record Pension Liability expense & liability. To record Health Insurance expense & liability. To record leased asset and liability: (20000 To credit amount back to rent/ lease expense
To capitalize repair of packing Machine To Record cost of patent by rectifying Miscellaneous Expense and amortizing patent for year Cost of Patent Amortization
the previous years to complete
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