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4) The balance on selected accounts is below Income statement (000's omitted) Net sales Cost of goods sold Co A Co B Balance sheet (000

4) The balance on selected accounts is below Income statement (000's omitted) Net sales Cost of goods sold Co A Co B Balance sheet (000 omitted) 18,972 54,574 Assets Co A 2020 Co A 2021 Co B 2020 Co B 2021 11,624 36,744 Cash 252 1,029 Gross margin 7,348 17,830 ST Marketable securit 235 2,400 Operating expenses 4,822 12,163 Acct Rece 700 913 4,000 5,200 Interest expense 540 2,720 Inventory 2800 3,760 8,500 9,912 Income before taxes 1,986 2,947 Prepaid expenses 145 313 900 1,200 Intangibles 434 38,712 PPE (net) 10,685 1,160 1,086 1,747 Total asset 15000 16,424 57,500 58,726 Income tax Net income Liabilities Acct pay ST Note payable Income tax payable Bond payable Common stock - $ 2 par Paid in capital Retained earning Total liability and equity a) Calculate for each company list items in numerator and denominator 1) prepare current ratio 2) quick ratio 3) receivable turnover 3a) days in receivable b) Which company is performing better Co A 2020 Co A 2021 Co B 2020 Co B 2021 1,035 2,000 4,684 4,000 170 236 4,000 30,000 700 2,000 3,495 10,867 5,024 6,939 16,424 58,726 4) inventory turnover 4a) days in inventory 5) profit margin 6) debt to asset ratio

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