The most late(a) three categorys balance single-foot sheets and income statements are reproduced below: Ian Manufacturing Company rest sheets June 30, physique of instruction 5, year 4 and year 3 course of study 5 yr 4Year 3 Assets Cash$12,000 $15,000 $16,000 Accounts due net183,00080,00060,000 origin142,00097,00052,000 Other ongoing assets5,0006,0004,000 congeal and Equipment, net160,000110,00070,000 Total asset$502,000 $308,000 $202,000 Liabilities and candor$147,800 $50,400 $22,000 Accounts due30,00014,40028,000 Federal income tax payable120,00073,00022,400 earthy stock,$5 Par value110,000110,00080,000 contain earning94,20060,20049,600 Total Liabilities and Equity$502,000 $308,000 $202,000 IAN Manufacturing Company Condensed Income Statement For age terminate June 30, Year 5, Year 4, Year 4 Year 5Year 4Year 3 vane sales $1,684,000 $1,250,000 1,050,000 Cost of Goods interchange(927,000)(810,000)(512,000) arrant(a) profit757,000440,000538,000 Marketing and administrative costs(670,000)(396,700)(467,760) check Income87,000433,00070,240 Interest Cost(12,000)(7,300)(2,240) Income before Income Tax75,00036,00068,000 Income Tax(30,000)(14,400)(28,000) elucidate Income45,00021,60040,000 IAN Manufacturing Company Statement of retained Earnings For the year ended June 30, Year 5 and Year 4 Year 5Year 4 Balance, rootage ceremony60,20049,600 Add: Net Income45,00021,600 Subtotal105,20071,200 part : Dividends Paid11,00011,000 Balance, Ending94,20060,200 Part A Compute the undermentioned measures for both years 4 and 5 1. working(a) capital 2.Current ratio 3.Acid-test ratio 4.Accounts receivable turn over 5.Collection item of receivables 6.Inventory turn over 7.Days to sell...If you want to repel a all-inclusive essay, come out it on our website: Ordercustompaper.com
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