Harrington Housewares Company Income Statement For the Year Ended June 30, 20xx Revenues Net sales Interest income Total revenues $1,197,132 5,720 $1,202,852 Costs and expenses Cost of goods sold Selling expenses. General and administrative expenses Interest expense Total costs and expenses $777,080 203,740 100,688 13,560 1,095,068 $ 107,784 Net income nome statement and tell what insights canibe obtaired from the multistep form opposed torthe single-step form. as he following accounts: and balances are from the general ledger of SwaneCompany Aiccounts Payable Aiccounts Receivable Cash Current Portion: of Long-Term: Debt Eong-Term nvestments Marketable Securities Merchandise Inventory Notes Payable, 90: days Notes Payable,2 years Notes Receivable 90 days. Notes Rieceivable; 2 years Prepaid Insurance Property Plant, and Equipment. C Swan, Capital Salaries. Payable Supplies Property Taxes Payable Unearned Revenue E8. 1RLT1 S 49800 30%600 4500 30,000%! 31200 374800號 76200 45,000 60,000 78000 30;000 T,200 F80,000 84,900 2,550 ,050 3,750 2,250 .Compute the (1)working capital and (2) current ratio The following end-of-year amounts are from the financial statements of Laliberte Company: Total assets, $852,000; Total liabilities, $344,000; Owner's equity, $508,000; Net sales, $1,564,000; Cost of goods sold, $972,000, Operating expenses, $404,000;.and Withdrawals, $80;000. During the past year, total assets increased by $150 000. Total oWner's equity was affected: only by net income and withdrawals. Compute:(1) profit margin(2) asset turnover,(3). return on assets, (4)-debt to equity ratio, and. (5) return on equity E 9 atios A. simplified balance sheet and income statement for a sole proprietorship appear at the top of the next page. Total assets. andowner's equity at the beginning of 20xx were $360,000 and $280,000, respectively 1. Compute the following liquidity measures: (a): working capital and (b) current ratio. 2. Compute the following profitability measures: (a profit margin, (b) asset turnover, f). return on assets, (d) debt to equity ratio, and (e return on equity.. E 10 of Ratios AHawesee Sef Umattepte Aecovnt 6oo Vn collectible Account Allowance Sor