Reference no: EM132853297

Question - Hello Professor, please help. Thank you very muchComputing Balance Sheet Components Describe the specific elements of the balance sheet (assets, liabilities, and owners' equity), and make a balance sheet with assets and liabilities properly classified into current and noncurrent categories.

Analyze a company's performance and financial position through the computation of financial ratios.

Denton Equipment Inc. furnishes you with the following list of accounts.

Accounts Payable $66,000

Accounts Receivable 40,000

Accumulated Depreciation 44,000

Advances to Salespersons 10,000

Advertising Expense 72,000

Allowance for Bad Debts 10,000

Bonds Payable 80,000

Cash 22,000

Certificates of Deposit 16,000

Common Stock (par) 100,000

Deferred Income Tax Liability 46,000

Equipment 215,500

Inventory 55,000

Investment in Rowe Oil Co. Stock (40% of outstanding stock owned for control purposes) 76,500

Investment in Siebert Co. Stock (trading securities) 21,000

Paid-In Capital in Excess of Par 42,500

Premium on Bonds Payable 6,000

Prepaid Insurance 6,000

Rent Revenue 37,000

Rent Revenue Received in Advance (4 months) 12,000

Retained Earnings 97,500

Taxes Payable 10,000

Tools 52,000

Required -

1. From the preceding list of accounts, determine working capital, total assets, total liabilities, and owners? equity per share of stock (75,000 shares outstanding).

2. Assume net income of $20,000. Compute current ratio, debt ratio, and return on equity.