Exercise 13-19 (Part Level Submission) Presented below is information related to Wildhorse Inc WILDHORSE INC....
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Accounting
Exercise 13-19 (Part Level Submission) Presented below is information related to Wildhorse Inc WILDHORSE INC. BALANCE SHEET DECEMBER 31, 2017 Cash $45,300 Notes payable (short-term) Accounts payable Accrued liabilities Common stock (par $5) $50,400 31,800 5,100 262,200 140,600 $110,600 14,900 Receivables Less: Allowance Inventory Prepaid insurance Land Equipment (net) 95,700 170,200 8,100 Retained earnings 19,800 151,000 $490,100 $490,100 Invantory, Jam. 1, 2017 Cost of goods avalable for saie Inventory Dec 31, 2017 Coat o goods soid (1702001 Gross prot on sales e.g. 1.594587%) )Cument ratio 2) Iventory tunover HI Eamings per share 5) Peatit margim on saies SI Retum on es on December 31, 2017
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