Reference no: EM132979858

Analyze the business transactions using the accounting equation Overview You are currently an HR analyst at a top consumer goods company, in the head corporate office. One morning, you receive a memo from your manager of a sample of events that occurred in the month of March 2019: a. The HR department hired 5 new employees and received confirmed signed contracts. The pay for the 5 new hires is as follows: $35,000; 50,000; 70,000; 80,000 and the last hire is a summer intern that will be paid $17/hour for a 40-hour workweek. b. The recruitment team spent $17,000 to purchase company "swag", as well as printing materials, which they will use to promote their company at university student recruitment events. c. Wages and salaries for the month of March were paid in cash for all earnings by employees in the head corporate office; the total for this was $2,488,000. d. The HR department recently received approval on their proposal to implement a new payroll system. They signed an agreement with the vendor and your company purchased this for $350,000. e. An external strategy coach was hired to conduct facilitation classes for the HR team. The coach charges $250/hour and has spent a total of 48 hours to conduct these classes for the team. The coach has not yet been paid.

What ratios would you use to get a better understanding of the company's current state?