Asset Accounts Acct # Cash Baking Supplies Prepaid Rent Prepaid Insurance Baking Equipment Misc. There is nothing to complete on this pageJune 28, 2019
How will the accounting for your specific business (small on line business) be different if you use the accrual basis (please use specific examples) instead of the cash basis?June 28, 2019
Based on pages 776-785 in your textbook, calculate one ratio from each of the following groups (three ratios total) for 2015 for Smart Touch Learning:
- Ability to Pay Current Liabilities
- Ability to Pay Long-Term Debt
- Debt Ratio
- Debt-to-Equity Ratio
- Profit Margin Ratio
- Rate of Return on Total Assets
What do these results tell you? How will you use this information in planning and decision making?
Refer to these comparative financial statements to help you work through this discussion.
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