( 2 ) Compute the gross margin percentage and net profit margin ratio . Alpha Company ’ s assets at the beginning of the year were $ 1,500,000 , and the assets were $ 1,400,000 at the end of the year . To qualify for full credit , you must state the formula you are using , show your computations , and explain your findings .
Question 6 . ( TCO F ) This is a 2-part question . Part 1 ) Journalize the adjusting entries below at year-end December 31 , XXXX . Please share your supporting calculations for the adjusting entries requiring computations . ( a ) The unadjusted balance of the Supplies account is $ 2,200 . The total cost of supplies remaining is $ 1,000 . ( b ) Accrued Service Revenue of $ 9,000 . ( c ) Equipment was purchased at the beginning of the year for $ 45,000 . The equipment ’ s useful life is 5 years , and the residual value is $ 5,000 . Record the depreciation for this year . ( d ) The weekly payroll is $ 25,000 . Employees are owed for 3 days of a 5-day work week . ( e ) Beginning unearned service revenue is $ 7,500 , and ending unearned service revenue is $ 3,500 . ( f ) The business has interest expense of $ 750 that is due in January . ( 30 points )
Q-7 ( TCO G ) Please review the following 6 ratios for Langley Company and XYZ Inc . for the year ended 2014 , and address the 2 questions below . Instructions : This is a 2-part question . ( 1 ) Explain the meaning of each of the Langley Company ratios above . ( 18 points ) ( 2 ) State which company performed better for each ratio . ( 18 points ) ( Points : 36 )