Title: Prepare a balance sheet and income statement for the Warner Company from the fol Post by: Gregorya3 on Jul 15, 2015 Prepare a balance sheet and income statement for the Warner Company from the following scrambled list of items
a. What are the firm’s net working capital, operating working capital, and debt ratio b. Complete a common-sized income statement and a common-sized balance sheet. Interpret your findings. Title: Re: Prepare a balance sheet and income statement for the Warner Company from the fol Post by: dtimmons95 on Aug 9, 2015 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 Total Credit: 225,000 + 573,000 + 153,000 + 262,900 +289,000 = 1502000 $ Total debit: 102,000 + 79,000 + 75,000 + 895,000 + 4,750 + 99,300+14,500+53,000 = 1388550 Net working capital = 1502000 - 1388550 =113450 $ Debt ratio:= total debt / total asset = 334000 / (1502000) = 0.222 Title: Re: Prepare a balance sheet and income statement for the Warner Company from the fol Post by: habiba on Aug 9, 2015 :)
Title: Re: Prepare a balance sheet and income statement for the Warner Company from the fol Post by: yuesha Shee on May 14, 2020 thank you
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