The Following Income Statement and Balance Sheets for Laser WorldAssuming That All Sales Were on Account, Calculate the Following

The Answer of The Following Income Statement and Balance Sheets for Laser WorldAssuming That All Sales Were on Account, Calculate the Following

The Following Income Statement and Balance Sheets for Laser WorldAssuming That All Sales Were on Account, Calculate the Following

The Answer of The Following Income Statement and Balance Sheets for Laser WorldAssuming That All Sales Were on Account, Calculate the Following

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The Following Income Statement and Balance Sheets for Laser World

question 136

Essay

The following income statement and balance sheets for Laser World are provided: $\begin{array} { | l r | } \hline { \begin{array} { c } \text { Laser World } \\\text { Income Statement }\end{array} } \\ { \text { For the year-ended December 31, 2012 } } \\\hline & \\\text { Sales revenue } & \$ 2,200,000 \\\text { Cost of goods sold } & 1,500,000 \\\text { Gross profit } & 700,000 \\\text { Expenses: } & \\\quad \text { Operating expenses } & 350,000\\\quad \text { Depreciation expense } & 70,000 \\\quad \text { Loss on sale of land } & 5,000 \\\quad \text { Interest expense } & 25,000 \\\quad \text { Income tax expense } &60,000 \\\quad \text { Total expenses } & 510,000 \\\hline \text { Net income } & \$ 190,000\\\hline\end{array}$ $The following income statement and balance sheets for Laser World are provided: \begin{array} { | l r | } \hline { \begin{array} { c } \text { Laser World } \\ \text { Income Statement } \end{array} } \\ { \text { For the year-ended December 31, 2012 } } \\ \hline & \\ \text { Sales revenue } & \$ 2,200,000 \\ \text { Cost of goods sold } & 1,500,000 \\ \text { Gross profit } & 700,000 \\ \text { Expenses: } & \\ \quad \text { Operating expenses } & 350,000\\ \quad \text { Depreciation expense } & 70,000 \\ \quad \text { Loss on sale of land } & 5,000 \\ \quad \text { Interest expense } & 25,000 \\ \quad \text { Income tax expense } &60,000 \\ \quad \text { Total expenses } & 510,000 \\ \hline \text { Net income } & \$ 190,000\\ \hline \end{array} Assuming that all sales were on account, calculate the following risk ratios for 2012:$ Assuming that all sales were on account, calculate the following risk ratios for 2012: $The following income statement and balance sheets for Laser World are provided: \begin{array} { | l r | } \hline { \begin{array} { c } \text { Laser World } \\ \text { Income Statement } \end{array} } \\ { \text { For the year-ended December 31, 2012 } } \\ \hline & \\ \text { Sales revenue } & \$ 2,200,000 \\ \text { Cost of goods sold } & 1,500,000 \\ \text { Gross profit } & 700,000 \\ \text { Expenses: } & \\ \quad \text { Operating expenses } & 350,000\\ \quad \text { Depreciation expense } & 70,000 \\ \quad \text { Loss on sale of land } & 5,000 \\ \quad \text { Interest expense } & 25,000 \\ \quad \text { Income tax expense } &60,000 \\ \quad \text { Total expenses } & 510,000 \\ \hline \text { Net income } & \$ 190,000\\ \hline \end{array} Assuming that all sales were on account, calculate the following risk ratios for 2012:$

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Definitions:

Glass Tube Or Bottle

A container made of glass, used for storing liquids in laboratories and various other settings.

Series

A group; a set of things in the same class coming one after another.

Group

A collection of individuals who come together for a common purpose, whether for socializing, working, or other activities.

Set Of Things

A collection or grouping of items or entities that share common characteristics or are defined by a specific criterion.