Condensed balance sheet and income statement data for Smashing Pumpkins Corporation are presented here.

Instructions Compute these values and ratios for 2000 and 2001:

(a) Profit margin ratio.

(b) Return on assets ratio.

(c) Working capital.

(d) Current ratio.

(e) Debt to total assets ratio.

(f) Based on the ratios calculated, discuss briefly the improvement or lack thereof in financial position and operating results from 2000 to 2001 of Smashing Pumpkins Corporation.

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SMASHING PUMPKINS CORPORATION Balance Sheet December 31 Assets Cash Receivables (net) Other current assets Long-term investments Plant and equipment (net) Total assets 2001 2000 1999 $ 25,000 $ 20,000 $ 18,000 70,000 65,000 48,000 90,000 85,000 64,000 75,000 70,000 45,000 500,000 470,000 358,000 $760,000 $710,000 $533,000 Liabilities and Stockholders' Equity Current liabilities $ 75,000 $ 80,000 $ 70,000 Long-term debt 80,000 85,000 50,000 Common stock 340,000 300,000 300,000 Retained earnings 265,000 245,000 113,000 Total liabilities and stockholders' equity $760,000 $710,000 $533,000