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27,100 Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders Equity V 43,100 53,280 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILA Compute the current ratio and debt to assets ratio. (Round answers to 1 decimal place, e.g. 15.2.) Current ratio Debt to assets ratio SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXER Question Att 3 4 5 6 7 8
Exercise 2-8 These financial statement items are for Metlock, Inc. at year-end, July 31, 2017. $ 3,280 58,700 17,300 19,700 4,100 67,300 10,200 2,800 16,000 30,500 10,780 7,700 4,000 5,700 35,300 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2020) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) Prepare an income statement for the year. Metlock, Inc. did not issue any new stock during the year. Metlock, Inc. Income Statement
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