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Use the following information for questions 11 through 16. Agnes Hardware has the following selected account...

Question:

Use the following information for questions 11 through 16. Agnes Hardware has the following selected account balances at the end of 2020 (except for retained earnings). No dividends were declared or paid. Place your answers on the answer sheet at the end of the section. For these questions and just the below accounts, show your calculations in the following pages provided. Accounts payable 25 Accounts receivable 170 Accumulated depreciation 80 Building 400 Cash 40 Common stock 300 Depreciation expense 50 Interest expense 25 Income tax expense 90 Inventory 320 Land 210 Notes payable, due 2025 300 Retained earnings, 12/31/19 255 Salary expense 150 Salary payable 45 Sales revenue 700 Utilities expense 250 11.

Agnes’s Net Income for 2020 is? 12. Agnes’s Total Current Assets at 12/31/20 is? 13. Agnes’s Current Ratio at 12/31/20 is? 14. Agnes’s Total Assets at 12/31/20 is? 15. Agnes’s Total Debt at 12/31/20 is? 16. Agnes’s Retained Earnings at 12/31/20 is?


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