1. What is XYZ's current ratio on December 31, 2021?

2. What is XYZ's Accounts Receivables Turnover for 2021? (assume Accounts Receivable, net was $500,000 on December 31, 2020)

3. What is XYZ's Asset Turnover for 2021? (assume total assets were $14 million on December 31, 2020)

(Given Balance sheet information below, solve these 3 problems)

217,650 778,000 1,200 545,000 30,000 1,571,850 700,000 2,000,000 4,000,000 320,000 9,000,000 3,560,000 50,000 40,000 3 XYZ Co. Balance Sheet 0 December 31, 2021 1 2 Assets 3 Current Assets: 4 Cash 5 Merchandise Invetory 6 Interest Recievable 7 Accounts Recievable 8 Prepaid Insurance 9 Total Current Assets 0 Non-Current Assets: 1 Goodwill 2 Land 3 Office buildings 4 Office equipment 5 Store buildings 6 Store equipment 7 Cash Dividends commons stock 8 Cash dividends preffered stock 9 Total Long-Term Assets 0 Total Assets 1 2 Liabilities 3 Current Liabilities: 4 Income Tax Payable 5 Accounts Payable 6 Premium on bonds payable 7 Total Current Liabilities 8 Non-Current Liabilities: 9 Bonds Payable 0 Total Liabilities 1 2 Stockholders' Equity 3 Paid in capital of treasury stock 4 paid in capital in excess of par common stock 5 Paid in capital in excess of par preffered stock 6 Preffered 5% stock 7 Retained Earnings 8 Treasury Stock 9 common stock $20 0 Total Stockholders' Equity 1 Total Liabilities and Stockholders' Equity 19,670,000 21,241,850 44,000 194,300 19,000 257,300 500,000 757,300 13,000 736,800 170,000 1,280,000 10,409,433 178,200 1,700,000 14,487,433 13,730,133