2021 2020

Accounts Payable $81,000 $78,000

Accounts Receivable, net of uncollectible accounts $87,000 $92,000

Additional Paid-in Capital $15,000 $15,000

Automobiles $29,000 $22,000

Building Improvements $62,000 $48,000

Buildings $405,000 $275,000

Cash $126,000 $110,000

COGS $482,000

Common Stock $1 par, 400,000 shs authorized, 30,000 shs issued, 25,000 shs outstanding $30,000 $30,000

Computer Equipment $18,000 $17,000

Conferences & Travel Expense $9,000

Depreciation & Amortization Expense $12,000

Dividends Paid $10,000

General & Administrative Expense $150,000

Goodwill $115,000 $115,000

Income Tax Expense $32,000

Insurance Expense $15,000

Interest Expense $12,000

Interest Income $14,000

Interest Payable $18,000 $14,000

Land $120,000 $120,000

Accumulated Amortization $(30,000) $(28,000)

Accumulated Depreciation $(118,000) $(108,000)

Long-Term Bonds Payable $190,000 $119,000

Long-Term Note Payable $210,000 $178,000

Merchandise Inventory $20,000 $18,000

Net Sales $957,000

Patents $45,000 $45,000

Preferred Stock $22,000 $22,000

Prepaid Insurance $15,000 $12,000

Production Equipment $43,000 $39,000

Research & Development Expense $13,000

Retained Earnings ? (need to calculate) $190,000

Selling Expense $21,000

Short-Term Marketable Securities $18,000 $15,000

Short-term Note Payable $142,000 $156,000

Trademarks $16,000 $16,000

Treasury Stock 5,000 shs $(5,000) $(5,000)

Utilities Expense $18,000

Wages Expense $131,000

Wages Payable $12,000 $11,000

Once the financial statements are prepared, calculate the following ratios for 12/31/21 (show your work): ANSWER THIS PART PLEASE

D - Gross Margin Ratio

E - Current Ratio

F - Working Capital Ratio

G - Acid-Test Ratio

H - Asset Turnover

I - Inventory Turnover

J - # Days' Sales in Accounts Receivable

K - # of Days' Sales in Inventory

L - ROI

M - ROE

N - Earnings per Share

O - Debt Ratio

P - Debt/Equity Ratio

Q - Times Interest Earned

\begin{tabular}{ll|ll} \hline 20211231 & 510,000 & 5190,000 & 20210101 \\ \hline & & $76,000 & 20211231 \\ \hline Balance & 5256,000 & & \\ \hline \end{tabular} Total Assets LIABILITIES \& STOCKHOLDERS' EQUITY Current Liabilities \begin{tabular}{ll|ll} \hline 20211231 & 510,000 & 5190,000 & 20210101 \\ \hline & & $76,000 & 20211231 \\ \hline Balance & 5256,000 & & \\ \hline \end{tabular} Total Assets LIABILITIES \& STOCKHOLDERS' EQUITY Current Liabilities