The following items are taken from the financial statements of Novak Company for the year ending...

The following items are taken from the financial statements of Novak Company for the year ending December 31, 2022:

Accounts payable		$18,000
Accounts receivable		7,600
Accumulated depreciation—equipment		4,600
Bonds payable		18,000
Cash		22,000
Common stock		26,100
Cost of goods sold		28,100
Depreciation expense		5,800
Dividends		5,000
Equipment		42,000
Interest expense		2,600
Patents		5,020
Retained earnings, January 1, 2022		7,200
Salaries and wages expense		6,000
Sales revenue		53,200
Supplies		2,980

can you explain ( Income Statement, Balance Sheet, Current Ratio, Debt to assets ratio %, $ Working capital, $ Earnings per share value????)

Expert Solution

ekkarill92 answered 1 year ago

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