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24 The financial statements of Remco Distributors Inc. appear below: REMCO DISTRIBUTORS INC. Income Statement Year Ended December 31, 2020 Additional information for 2020: 1.

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The financial statements of Remco Distributors Inc. appear below: REMCO DISTRIBUTORS INC. Income Statement Year Ended December 31, 2020 Additional information for 2020: 1. Cash dividends of $45,000 were declared and paid. 2. Average number of common shares was 60,000 shares. 3. Market value of common shares on December 31 was $20 per share. 4. All sales and purchases are on account. Required: Using the financial statements and the additional information, calculate the following ratios for 2020: Use averages in relevant formuas and show supporting calculations in the workspacce beis om for partiat masks Accounts receivable collection days days Net profit margin % Inventory turnover times Days to sell inventory days Return on assets % Dividend yield %

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