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1. Current ratio 2. Days sales uncollected 3. Inventory turnover 4. Profit margin 5. Return on assets Based on the following statements, fill in blanks
1. Current ratio 2. Days sales uncollected 3. Inventory turnover 4. Profit margin 5. Return on assets
Based on the following statements, fill in blanks and calculate the ratios show the process). Stock information: On December 31, stock price: $30/share, 4.000.000 shares outstanding. Cancun Corporation Income Statement for the year ended Dec 31, 2019 000 $200,000 80,000 40,000 (b) Net Sales - Cost of goods sold Gross margin - Selling expenses -Administration expenses Operating Income before tax Interest expense Income before tax Tax expense Net Income 20,000 4,000 (c) (d) $12.000 Cancun Corporation Balance Sheet Dec. 31.2019 000 $3.000 $8,000 20,000 (h) Assets Cash Marketable securities Accounts receivable Inventory Current Assets Property, plant and equipment Other assets Long-term assets Total assets 10,000 12.000 30.000 50,000 20,000 (f) $100,00 Liabilities and SE Accounts payable Notes payable Current liabilities Bonds payable Total liabilities Common stock Retained earnings Stockholders' equity Total liabilities and SE 40,000 40,000 (i) 60,000 6)Step by Step Solution
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