Account : Dollars
Cash:10
Account Receivable:25
Iventory:15
PP&E:50
Accounts Payable:10
Taxes Payable:10
Wages Payable:15
Long-Term Note Payable:20
Common Stock:10
Additional Paid-in-capital:10
Retained Earnings:0
Sales:100
Cost of Goods Sold:40
Selling Expenses:15
Administrative Expenses:5
Tax Expense:15
Questions (Calculate)
1. Prepare Multi-Step income statement
2. Earnings Per Share
3. Gross margin percentage
4. Operating margin percentage
5. Working Capital dollars
6. Working Capital Ratio
7. Return on sales
8. Asset turnover
9. Return on assets