Pope\'s Garage had the following accounts and amounts in its financial statement
ID: 2492364 • Letter: P
Question
Pope's Garage had the following accounts and amounts in its financial statements on December 31.2013 Assume that al balance sheet Hems reflect account balances at December 31.2013. and that all income statement items reflect activities that occurred during the year then ended Calculate the total current assets at December 31, 2013 Calculate the total liabilities and stockholders' equity at December 31, 2013 Calculate the earnings from operations (operating income) for the year ended December 31, 2013 Calculate the net income (or loss) for the year ended December 31, 2013 What was the average income tax rate for Pope's Garage tor 2013? If $16,000 of dividends had been declared and paid during the year, What was the January 1, 2013, balance of retained earnings?Explanation / Answer
Answer:a Calculation of Total current Assets:
Answer:b
Answer:c
Answer:d
Accounts receivable 30600 Cash 11300 Supplies 5000 Merchandise Inventory 28800 Total current assets 75700