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  3. prepare a detailed balance sheet and also calculate the following...

Question: prepare a detailed balance sheet and also calculate the following...

Question details

Adjusted Trial Balance Cash $ 3,500 8,000 3,600 75,000 Prepaid insurance $12,000 600 30,000 14,100 Common stock. 7,500 102,200 4,200 Miscellaneous income.. Salaries expense. Rent expense. Insurance expense. Depreciation expense.. . 42,800 12,900 1,800 8,000 8,800 8,800 $171,900 $171,900

Prepare a detailed Balance Sheet and also calculate the following ratios:

A) Current Ratio

B) Working Capital

C) Assets Turnover

D) Fixed Assets Turnover

E) A/R Turnover

F) Debt Ratio

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