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2. Cordillera Carson Company has the following balance sheet and income statement for 20X2 (in thousands): 161 Tools of Financial Analysis and Planning BALANCE SHEET
2. Cordillera Carson Company has the following balance sheet and income statement for 20X2 (in thousands): 161 Tools of Financial Analysis and Planning BALANCE SHEET Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $12,680 8,930 $ 3,750 $ 400 1,300 2,100 $3,800 3,320 $7,120 INCOME STATEMENT Net sales (all credit) Cost of goods sold Gross profit Selling, general, and administration expenses Interest expense Profit before taxes Taxes Profit after taxes 2,230 460 $ 1,060 390 $ 670 Accounts payable Accruals Short-term loans Current liabilities Long-term debt Net worth Total liabilities and net worth $ 320 260 1,100 $1,680 2,000 3,440 $7,120 Notes: (i) current period's depreciation is $480; (ii) ending inventory for 20X1 was $1,800. On the basis of this information, compute (a) the current ratio, (b) the acid-test ratio, (c) the average collection period, (d) the inventory turnover ratio, (e) the debt-to-net-worth ratio, (f) the long-term debt-to-total-capitalization ratio, (g) the gross profit margin, (h) the net profit margin, and (i) the return on equity
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