Zookal Homework Help

Homework Help

  1. Business
  2. Accounting
  3. the following are financial statements of hft corp based on...

Question: the following are financial statements of hft corp based on...

Question details

The following are financial statements of HFT Corp. Based on the information provided, answer the following questions. (f the until It is displayed correctly) following tabulated information is displayed broken: expand the window to its maximum size in your screen Balance Sheet 2xx1 Balance Sheet 2xx2 Incorme Statement 2xx2 Cash Acct. Receivable 15,000 15,000 Cash 20,000 Revenues 1.100,000 Acct. Receivable 10,000 Cost of Sales 363.000 nventory Prepaid Expenses 10,000 10,000 Inventory 15,000 Gross Profit737,000 Prepaid Expenses 5,000 Payroll Expenses 308,000 General Expenses 22,000 Equipment 200,000 Building (net) 250,000 Total Assets 500,000 Equipment 250.000 Administrative Exp 165.000 Building (net) 300.000 Rent Expenses 121,000 Total Assets 600,000 Utility Expenses 55000 Utility Expenses 55,000 Depreciation Exp 8.800 Interest Expenses 10.000 R&M Expenses 6,600 Acct. Payable 25,000 Salaries Payable 13,000 Interest Payable 2,000 Long-term debt 200,000 Acct. Payable 35.000 Unearned Rev. 10,000E.B.I.T 50,600 Interest Payable 5,000 Long-term debt 250,000 EB.T Tax (40%) 40,600 13,100 Common Stock 100,000 Common Stock 100,000 Net Income 27500 Retained Earnings 160,000 Retained Earnings 200,000 Total L+ E 500,000 Total L E 600,000 25. Calculate the ROS of the year 2 o2. Round your answer to the first decimal pont, if necessary; and present your answer in % However o not ut % 0 answer If your answer is 2 % then put for your answer D Question 26 The following are financial statements of HFT Corp. Based on the information provided, answer the following questions. (f the following tabulated information is displayed broken; expand the window to its maximum screen) Balance Sheet 2xx1 Balance Sheet Income Statement 20x2 Cash 15,000 20,000 Revenues 1,100,000

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution