financial Statements and Gross Profit

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Review the transactions and financial position of Ma and Pa Grocery as of December 31, 20##, in the Excel Template.

 

Requirements:

 

Prepare the Income Statement for the period ending December 31, 20##.

Prepare the Statement of Retained Earnings for the period ending 12/31/20##.

Prepare the Balance Sheet for the period ending 12/31/20##.

Calculate the gross profit % for the year.

Calculate the current ratio for the year.