10. You have been given the comparative 2020-2021 balance sheets and the 2021 income statement of JMJ Corp. Using these statements, compute the following ratios for 2021 Do not compute the rules for 2020. V mestuse average where priate in com puting the 2020 raties JMJ Corp Balance Sht Asor 123120 JMJ Corp Income Statement For the Year Ended 12/3121 As of 13/IAI 2021 Assets Sales Cost of goods sold Gross profit 6,000 2.000 4.000 Liquidity Orctating anses Current ratio Quick ratio Cash ratio Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets TRO 210 290 680 1.720 2.400 190 220 3001 710 1.990 2.700 Turnover Salaries Occupancy Depreciation Utilities Insurance Total operating expenses 2.000 1.000 300 200 100 3.600 Liabilities Inventory turnover Days COGS in inventory Accounts receivable turnover Days sales in accounts receivable Length of the operating eyele in days TITI Accounts payable Accrued expenses Short-term borrowings Total current liabilities Long-term debe Total liabilities 250 100 320 670 500 1.170 230 120 3201 670 700 1.370 Operating income Interest Net Income before tax Income tax 400 so 350 150 Leverage Debat Net Income after tax 200 Times interest earned Cash coverage ratio = Equity Common stock Additional pad-in capital Retained earning Total equity 130 400 700 1.210 130 400 OO 1.110 Profitability Total liabilities & equity 2.400 2,700 Gross profit margin Net profit margin Return on its Return on equity