Chapter 1, Problem 1.5E

Required: Prepare the following statements of the company from the data given above: Income Statement for the year ending at December 31, 2020 Retained Earnings Statement for the year ending at December 31, 2020 Balance Sheet as at December 31, 2020 NOTE: ADD 50,000 to revenues to correct the given entries

A) Prepare in good form a single step statement of earnings (income statement) of Palm Realtors Ltd. for the year ended December 31, 2019 B)Prepare in good form a statement of retained earnings of Palm Realtors Ltd. for the year ended December 31, 2019. C)Prepare in good form a classified statement of financial position for Palm Realtors Ltd as at December 31, 2019, by completing the table below.

a. Prepare Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2020. b.Prepare the Statement of Financial Position on as at 30 June 2020.

Find Earnings per share 2019 (i attached the balance sheet and income statement)

a. Prepare a retained earnings statement for the month ended December 31, 2020. Remember to complete the statement header. b. Why is the retained earnings statement prepared before the December 31, 2020 balance sheet?

You are required to prepare an income statement of profit or loss and other comprehensive income and the statement of financial position for the year ended 28 February 2020 .

Answer probably please .... Calculate the following ratios for Avartar Sdn. Bhd. for years ended 31 March 2019 and 31 March 2018: 1) Gross profit percentage; 2) Net profit percentage (using profit before tax); 3) Return on capital employed; 4) Return on owners' equity; 5) Assets turnover;

Liverton Co.’s income statement for the year ended 31 March 2019 and statements of financial position at 31 March 2019 and 2018 were as follows in the images. Calculate for the financial year ended 31 March 2019 and, where possible, for 31 March 2018, the following ratios: i) Gross profit marginii) Assets usageiii) Current ratioiv) Acid testv) Inventories holding periodvi) Debt to Equity ratio

Prepare the income statements and balance sheets for years 2018 and 2019 for Thompson Company using the following information. The balance sheet numbers are at the end of year figures.Item20182019Accounts Payable120.0150.0Accounts Receivable150.0180.0Accumulated Depreciation330.0360.0Cash & Cash Equivalents10.012.0Common Stock150.0200.0Cost of Goods Sold750.0850.0Depreciation25.030.0Interest Expense30.033.0Inventory200.0180.0Long-term Debt150.0150.0Gross Plant & Equipment650.0780.0Retained Earnings208.5225.0Sales1,500.01,700.0SG&A Expenses500.0570.0Notes Payable51.567.0Tax Rate21%21%(2) Answer the following questions:(a) How much did Thompson Company spend in acquiring fixed assets in 2019?(b) How much dividend did Thompson Company pay out during 2019?(c) Using the end of year numbers, did the long-term solvency ratios improve or deteriorate from 2018 to 2019? Answer this question using at least two long-term solvency ratios.(d) Using the end of year numbers, did the asset…