Jul 12, 2017 Others

Accounting Assignment Paper

This paper concentrates on the primary theme of Accounting Assignment Paper in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Accounting Assignment Paper


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ACCOUNTING Name Course Instructor Date 3.2] Income statement Income statementSales $525,000 Cost of goods sold     200,000Gross profit$325,000 General and administrative expenses62,000Depreciation expenses8,000Earnings Before Interest and Taxes$255,000 Interest expense12,000Income taxes97,200Net income$145,800  3.6] Warner Company Net working capital, operating working capital and debt ratio Net working capital= current assets- current liabilities = [cash+ accounts receivable+ inventory prepaid expenses] - [accounts payable +accrued expenses+ notes payable+ taxes payable] (225,000+ 153,000+ 99,300+ 14, 500- (102,000+ 7.900+ 75,000+53,000) = 253,900 Operating working capital= short term assets – short term liabilities= (cash+ accounts receivable+ inventory) - (accounts payable +accrued expenses+ notes payable+ taxes payable) =477,300- 237,900= 239,400 Debt ratio= current liabilities + long-term debts/ total assets= 571,900/ 1,123,800= 0.51 Income statement  Income statement Sales 573,000Cost of goods sold     29


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