Prepare a balance sheet and income statement for the warner


Prepare a balance sheet and income statement for the Warner Company form the following list. a. What is the firm's net working capital and debt ratio? b. Complete a common-sized income statement and a common-sized balance sheet. Depreciation expense $66,000 Cash 225,000 Long-term debt 334,000 Sales 573,000 Accounts Payable 102,000 General & Administrative expenses 79,000 Buildings and Equipment 895,000 Notes Payable 75,000 Accounts Receivable 153,000 Interest expense 4,750 Accrued expenses 7,950 Common Stock 289,000 Cost of goods sold 297,000 Inventory 99,300 Taxes 50,500 Accumulated depreciation 263,000 Prepaid expenses 14,500 Taxes payable 53,000 Retained earnings 262,900

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Finance Basics: Prepare a balance sheet and income statement for the warner
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