3. The following is a statement of financial position and income statement from PT ABC for 2020 and 2019.

Statement of Financial Position

PT ABC

31 Desember 2020 dan 2019

Income statement

PT ABC

For the period ended December 31, 2020 and 2019

Required:

1. Calculate the following ratios for 2020 and 2019:

1. Current ratio
2. Debt-to-equity ratio
3. Asset turnover ratio
4. Net profit margin

2. Explain some of the disadvantages of ratio analysis.

2020 2019 30.800.000 128.500.000 151.500.000 9.700.000 320.500.000 35.625.000 142.500.000 142.500.000 9.375.000 330.000.000 277.500.000 41.000.000 318.500.000 639.000.000 255.000.000 42.500.000 297.500.000 627.500.000 current assets cash Account receivable Supply Prepaid expenses Total current assets Non-current assets Fixed assets Intangible assets Total non-current assets Total assets Short-term liabilities Accounts payable Tax debt Total short-term liabilities Long-term liabilities Bank debt Post-employment liabilities Total long-term liabilities Total liabilities Equity Common stock 10.000 per share Retain earning Total equity Total liabilities and equity 113.449.000 7.600.000 121.049.000 124.075.000 8.800.000 132.875.000 175.600.000 46.125.000 221.725.000 342.774.000 182.500.000 44.875.000 227.375.000 360.250.000 162.500.000 162.500.000 133.726.000 296.226.000 639.000.000 104.750.000 267.250.000 627.500.000 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative burden Operating profit Interest expense Profit before tax Tax expense Net profit 2020 672.500.000 410.225.000 262.275.000 125.550.000 81.000.000 55.725.000 11.100.000 44.625.000 8.925.000 35.700.000 2019 530.000.000 344.500.000 185.500.000 83.980.000 40.500.000 61.020.000 12.300.000 48.720.000 9.744.000 38.976.000