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a) What is the entry for the current year's taxes on a common-sized income statement...

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Accounting

a) What is the entry for the current year's taxes on a common-sized income statement ?
b) What is the current years accounts payable balance?
c) What is the current years return on assets (ROA)?
d) what is the current years return on equity?(ROE)
e) What is the current years entry for long-term debt on common sized balance sheet ?
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Category Prior Year Current Year ??? Accounts payable Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,693.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,449.00 Interest expense 40,500 42,927.00 Inventories 279,000 288,000 Long-term debt 337,776.00 398,842.00 Net fixed assets 946,535 999,000 162,000 Notes payable 148,500 Operating expenses (excl. depr.) 126,000 162,507.00 Retained earnings 306,000 342,000 Sales 639,000 846,821.00 Taxes 24,750 48,222.00

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