'Financial Statements Essay\r'

'2. Review the financial Statements: Income Statement from the score and bookkeeping lesson under the Business finance piece of this course. Use the information from the utilisation income statement for Jamie’s Bead jewelry to answer the questions below.\r\na. What are the two sources of revenue enhancement for the keep connection? (0.5 points)\r\nb. What is the company’s primitive revenue? (0.5 points)\r\nc. What is the company’s last profit? (0.5 points)\r\nd. Is the company experiencing a profit, or a loss? (0.5 points)\r\n3. Review the Financial Statements: Balance Sheet from the accounting system and Bookkeeping lesson under the Business pay section of this course. Use the information from the example eternal sleep sheet for Jamie’s Bead jewelry to answer the questions below.\r\na. What is the apprise of the company’s assets? (0.5 points)\r\nb. What is the descend of the company’s liabilities? (0.5 points)\r\nc. What is t he total owner equity? (0.5 points)\r\n4. forecast the following financial proportions. TIP: If you don’t remember how to calculate financial ratios, go off the Calculating Financial Ratio pages from the Accounting and Bookkeeping lesson under the Business Finance section of this course.\r\na. A company makes a net profit in the beginning tax of $12,000 and has $20,000 in total equity. omen the company’s repossess on equity as a percentage. (0.5 points)\r\nb. A company makes a net profit before tax of $5,000 and has total assets with a value of $10,000. Calculate the company’s return on assets as a percentage. (0.5 points)\r\nc. A company has $1,400 in liabilities and $1,500 in assets. Calculate the company’s debt ratio as a percentage. (0.5 points)\r\nd. A company has $1,400 in liabilities and $1,500 in equity. Calculate the company’s debt to equity ratio as a percentage. (0.5 points)\r\ne. A company’s incumbent assets are $30,000 an d current liabilities are $19,000. Calculate the company’s current ratio as a percentage. Does the company save enough assets to pay its liabilities? (1.0 points)\r\n'