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(Answered) Warner Company: Income Statement and Balance Sheet


Prepare a balance sheet and income statement for the Warner Company from the following scrambled list of items. See Word doc attached.;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.;------------------------------------------------------------------------------------------------------;Depreciation Expense................................................................ $66,000;Cash.................................................................................... 225,000;Long-term Debt....................................................................... 334,000;Sales.................................................................................... 573,000;Accounts Payable..................................................................... 102,000;General and Administrative expense............................................... 79,000;Buildings and equipment............................................................ 895,000;Notes Payable......................................................................... 75,000;Accounts Receivable................................................................. 153,000;Interest Expense...................................................................... 4,750;Accrued Expenses..................................................................... 7,900;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;Attachments;Problem.doc
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Warner Company: Income Statement and Balance Sheet

 


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