1. Problem-solving (3 points each) The following accounts of Mezzo HealthCare Co. were found on Dec 31. Cash Marketable Securities Accounts Receivable Allowance for bad debts Inventory Equipment Accumulated depreciation Long-term investments Accounts Payable Accrued Expenses 10,000 20,000 15,000 1,000 8,000 50,000 5,000 20,000 23,000 7,000 Cash Sales Credit Sales Net Purchases Cost of Goods Sold Net Income After Tax 20,000 80,000 30,000 50,000 40,000 Compute for the following: a. Current ratio b. Quick ratio C. Working Capital d. Asset turnover e. Fixed asset turnover f. Accounts Payable Turnover 9. Asset Turnover h. Accounts Receivable Turnover i. Inventory Turnover Debt to Total Asset Ratio k. Gross Profit Margin II. Prepare horizontal and vertical analysis for the following data. (1 point each) 2020 2019 2018 Sales 6,000,000 5,000,000 5,600,000 Sales Discount 15,000 20,000 12,000 Current Assets 3,000,000 2,200,000 2,600,000 Non-Current Assets 8,000,000 10,000,000 6,500,000 Unearned Revenue 300,000 255,000 315,000 Accrued Expenses 115,000 200,000 230,000