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rate positively .
| Jan 1 2018 | Jan 31 2018 | |||
| Cash | 38000 | 163100 | ||
| Office furniture | 26000 | 38000 | ||
| Building | 140000 | 140000 | ||
| Account receivable | 1500 | 17800 | ||
| Equipment | 17000 | 52000 | ||
| office supplies | 5800 | 800 | ||
| Total asset | 228300 | 411700 | ||
| Average asset = | 320000 | |||
| Computation of ROA | ||||
| Net income | / | Average asset | ||
| 51200 | / | 320000 | 16.00% |
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Allyson Appliance Service had net income for the year of $51,200. In addition, the balance sheet...
Alice Appliance Service had net income for the year of $58,500. In addition, the balance sheet...
Alice Appliance Service had net income for the year of $58,500. In addition, the balance sheet reports the following balances Jan 1, 2018 Dec 31, 2018 Notes Payable $ 32,000 $ 58,000 Cash 34,000 134,200 Office Furniture 23,000 44,000 Building 160,000 160,000 Accounts Payable 11,500 11,000 Total Stockholders' Equity 204,500 333,000 Accounts Receivable 2,200 19,800 Equipment 24,000 42,000 Office Supplies 4.800 2.000 Calculate the return on assets for Alice Appliance Service for the year ending December 31, 2018
E1-39 (similar to) Question Help Alexander Appliance Service had net income for the year of $28,000....
E1-39 (similar to) Question Help Alexander Appliance Service had net income for the year of $28,000. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets (ROA) for Alexander Appliance Service the year ending December 31, 2018. J = ROA Data Table Jan 1, 2018 Dec 31, 2018 Notes Payable Cash 52,000 $ 40,000 20,000 165,000 Office Furniture 48,000 170,400 36,000 165,000 13,000 383,400 16,800 54,000 9,000 Building Accounts...
Alma Appliance Service had net income for the year of $36,000. In addition, the balance sheet...
Alma Appliance Service had net income for the year of $36,000. In addition, the balance sheet reports the following balances: m (Click the icon to view the balances.) Calculate the return on assets (ROA) for Alma Appliance Service the year ending December 31, 2018. Data Table Net Income Average total assets ROA 1 1 Notes Payable Cash Ofice Furniture Building Accounts Payable Total Stockholders' Equity Accounts Receivable Equipment Orice Supplies Jan 1, 2018 Dec 31, 2018 $ 44,000 $ 70.000...
E1-39 (similar to) Allied Appliance Service had net income for the year of $68,000. In addition,...
E1-39 (similar to) Allied Appliance Service had net income for the year of $68,000. In addition, the balance sheet reports the following balances EEB (Click the icon to view the balances.) Calculate the return on assets for Allied Appliance Service for the year ending December 31, 2018 Net income Average total assets ROA i Data Table Jan 1, 2018 Dec 31, 2018 52,000 242,800 40,000 125,000 11,500 411,100 19,600 45,000 2,200 36,000 $ Notes Payable Cash Office Furniture Building Accounts...
% E1-39 (similar to) Question Help Allied Appliance Service had net income for the year of...
% E1-39 (similar to) Question Help Allied Appliance Service had net income for the year of $35,750. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets (ROA) for Allied Appliance Service the year ending December 31, 2018 i Data Table ROA = -D C D % Notes Payable Cash Office Furniture Building Accounts Payable Total Stockholders' Equity Accounts Receivable Equipment Office Supplies Jan 1, 2018 Dec 31, 2018...
TY-9c Company reported the following account balances at December 31, 2026: Utilities Expense $33,000 Inventory $47,000...
TY-9c Company reported the following account balances at December 31, 2026: Utilities Expense $33,000 Inventory $47,000 Unearned Revenue $35,000 Retained Earnings $52,000 (at January 1, 2026) Income Tax Expense $24,000 Accounts Payable $51,000 Cost of Goods Sold $38,000 Cash $21,000 Utilities Payable $19,000 Common Stock $71,000 Building $74,000 Service Revenue $55,000 Accounts Receivable $69,000 Equipment $61,000 Sales Revenue $96,000 Dividends $17,000 Patent $42,000 Notes Payable $88,000 Loss on Sale of Land $26,000 Supplies $15,000 The retained earnings balance at December...
THE Company reported the following account balances at December 31, 2026: |||Utilities Expense $33,000||| |||Inventory $47,000|||...
THE Company reported the following account balances at December 31, 2026: |||Utilities Expense $33,000||| |||Inventory $47,000||| |||Unearned Revenue $35,000||| |||Retained Earnings $52,000||| (at January 1, 2026) |||Income Tax Expense $24,000||| |||Accounts Payable $51,000||| |||Cost of Goods Sold $38,000||| |||Cash $21,000||| |||Utilities Payable $19,000||| |||Common Stock $71,000||| |||Building $74,000||| |||Service Revenue $55,000||| |||Accounts Receivable $69,000||| |||Equipment $61,000||| |||Sales Revenue $96,000||| |||Dividends $17,000||| |||Patent $42,000||| |||Notes Payable $88,000||| |||Loss on Sale of Land $26,000||| |||Supplies $15,000||| Calculate the amount of gross profit...
TY-9c Company reported the following account balances at December 31, 2026: Utilities Expense $33,000 Inventory $47,000...
TY-9c Company reported the following account balances at December 31, 2026: Utilities Expense $33,000 Inventory $47,000 Unearned Revenue $35,000 Retained Earnings $52,000 (at January 1, 2026) Income Tax Expense $24,000 Accounts Payable $51,000 Cost of Goods Sold $38,000 Cash $21,000 Utilities Payable $19,000 Common Stock $71,000 Building $74,000 Service Revenue $55,000 Accounts Receivable $69,000 Equipment $61,000 Sales Revenue $96,000 Dividends $17,000 Patent $42,000 Notes Payable $88,000 Loss on Sale of Land $26,000 Supplies $15,000 Calculate the amount of gross profit...
Company reported the following account balances at December 31, 2026: Utilities Expense $33,000 Inventory $47,000 Unearned...
Company reported the following account balances at December 31, 2026: Utilities Expense $33,000 Inventory $47,000 Unearned Revenue $35,000 Retained Earnings $52,000 (at January 1, 2026) Income Tax Expense $24,000 Accounts Payable $51,000 Cost of Goods Sold $38,000 Cash $21,000 Utilities Payable $19,000 Common Stock $71,000 Building $74,000 Service Revenue $55,000 Accounts Receivable $69,000 Equipment $61,000 Sales Revenue $96,000 Dividends $17,000 Patent $42,000 Notes Payable $88,000 Loss on Sale of Land $26,000 Supplies $15,000 Calculate : gross profit reported by Company...
Required: a) Prepare a properly formatted Income Statement. b) Prepare a properly formatted Balance Sheet. Trial...
Required: a) Prepare a properly formatted Income Statement. b) Prepare a properly formatted Balance Sheet. Trial Balance Workings Dr Cr 460,000 390,000 190,000 124,000 42,000 140,000 2,200,000 72,000 1780,000 336,000 Land and Buildings Shop Fittings Acc Depn-Shop Fittings Bank Overdraft Office Furniture & Equipment Accounts Receivable Sales Inventory (Opening) Purchases ANZ Long-Term Loan Wages Accounts Payable GST Collected GST Paid Capital (opening) Insurance Office Expenses Bad Debts Drawings Customs Duty Depreciation 60,000 80,000 58,000 64,000 200,000 10,000 22,000 4,000 36,000...
Alice Appliance Service had net income for the year of $58,500. In addition, the balance sheet reports the following balances Jan 1, 2018 Dec 31, 2018 Notes Payable $ 32,000 $ 58,000 Cash 34,000 134,200 Office Furniture 23,000 44,000 Building 160,000 160,000 Accounts Payable 11,500 11,000 Total Stockholders' Equity 204,500 333,000 Accounts Receivable 2,200 19,800 Equipment 24,000 42,000 Office Supplies 4.800 2.000 Calculate the return on assets for Alice Appliance Service for the year ending December 31, 2018
E1-39 (similar to) Question Help Alexander Appliance Service had net income for the year of $28,000. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets (ROA) for Alexander Appliance Service the year ending December 31, 2018. J = ROA Data Table Jan 1, 2018 Dec 31, 2018 Notes Payable Cash 52,000 $ 40,000 20,000 165,000 Office Furniture 48,000 170,400 36,000 165,000 13,000 383,400 16,800 54,000 9,000 Building Accounts...
Alma Appliance Service had net income for the year of $36,000. In addition, the balance sheet reports the following balances: m (Click the icon to view the balances.) Calculate the return on assets (ROA) for Alma Appliance Service the year ending December 31, 2018. Data Table Net Income Average total assets ROA 1 1 Notes Payable Cash Ofice Furniture Building Accounts Payable Total Stockholders' Equity Accounts Receivable Equipment Orice Supplies Jan 1, 2018 Dec 31, 2018 $ 44,000 $ 70.000...
E1-39 (similar to) Allied Appliance Service had net income for the year of $68,000. In addition, the balance sheet reports the following balances EEB (Click the icon to view the balances.) Calculate the return on assets for Allied Appliance Service for the year ending December 31, 2018 Net income Average total assets ROA i Data Table Jan 1, 2018 Dec 31, 2018 52,000 242,800 40,000 125,000 11,500 411,100 19,600 45,000 2,200 36,000 $ Notes Payable Cash Office Furniture Building Accounts...
% E1-39 (similar to) Question Help Allied Appliance Service had net income for the year of $35,750. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets (ROA) for Allied Appliance Service the year ending December 31, 2018 i Data Table ROA = -D C D % Notes Payable Cash Office Furniture Building Accounts Payable Total Stockholders' Equity Accounts Receivable Equipment Office Supplies Jan 1, 2018 Dec 31, 2018...
Required: a) Prepare a properly formatted Income Statement. b) Prepare a properly formatted Balance Sheet. Trial Balance Workings Dr Cr 460,000 390,000 190,000 124,000 42,000 140,000 2,200,000 72,000 1780,000 336,000 Land and Buildings Shop Fittings Acc Depn-Shop Fittings Bank Overdraft Office Furniture & Equipment Accounts Receivable Sales Inventory (Opening) Purchases ANZ Long-Term Loan Wages Accounts Payable GST Collected GST Paid Capital (opening) Insurance Office Expenses Bad Debts Drawings Customs Duty Depreciation 60,000 80,000 58,000 64,000 200,000 10,000 22,000 4,000 36,000...
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