Answer to Question #253457 in Accounting for Another you

Question

CompanyAandB

StatementofFinancialPosition

AsofDecember31, 2020

-Cash(Company A) - 35,857.50

-Cash(Company B) - 24,387.00

-AccountsRecievable(Comapny A) - 175,000.00

-AccountsRecievable(Company B) - 37,837.50

-Inventory(Company A) - 137,715.00

-Inventory(Comapny B) - 21,945.10

-PrepaidExpenses(Company A) - 10,000.00

-PrepaidExpenses(Company B - 7,500.00

-Equipment,net(Company A) - 573,441.00

-Equipment,net(Comapny B) - 153,700.80

-TotalAssets(Company A) - 932,013.50

-TotalAssets(Comapny B) - 245 370.40

-CurrentLiabilities(Company A) - 71,857.50

-CurrentLiabilities(Company B) - 38,882.80

-LongTermDebts(Company A) - 119,350.00

-LongTermDebts(Company B) - 32,582.00

-Owner'sCapital(Company A) - 740,806.00

-Owner'sCapital(Company B) - 173,905.60

-Totalof(Comapny A) - 932,013.50

-Totalof(Comapny B) - 245,370.40

Answerthefollowing:

1. Compute for theprofitability ratios of CompanyAand B.

2. Computefor operational ratios of companyA and B.

3. Compute for thefinancial health ratios of CompanyA and B.

Answer 1

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