410.000 Jackson Computer Company Balance Sheet December 31, 2019 Assets: Cash 40,000 AR 60,000 Inventory 90,000 Plant & Equipment 220,000 Total Assets Liabilities & Stockholders' Equity: 60,000 Accrued Liabilities 40,000 LT Debt 130,000 Common Stock 60,000 PIC in excess of par, Com stk. 20,000 Retained Earnings 100,000 Total Liabilities and S.E. 410,000 AP Jackson Computer Company Income Statement For the year ended December 31, 2019 Sales (all on credit) COGS Gross Profit S & A Exp. Depreciation Exp. EBIT Int. Exp. EBT Tax Exp. (34%) EAT 720,000 500,000 220,000 20,000 40,000 160,000 16,000 144,000 48,960 95,040 From the preceding statements, please circle the best answer in the following multiple-cho questions. 1. Return of Assets for Jackson is approximately: a. 15% b. 23% C. 29% d. 35% 2. The company's average collection period is: a. 30 days b. 25 days c. 14.4 days d. 20 days 3. Times interest earned is: a. 4.5X b. 9x C11X @ 10x 4. Quick ratio is: a. 2:1 b. 1:1 c. 1.6:1 d. 10:1 5. Current ratio is: a. 1.9:1 b. 1.625:1 c. 1.5:1 d. 3.2:1 6. Debt to Asset ratio is: a. 56.1% b. 47.22% c. 33.33% d. None of the above 7. What is Jackson's Total Asset Turnover: a. 4.5X b. 3.6X c. 2X d. 1.8X 8. Compute after tax profit margin: a. 10% b. 13.2% C. 15.4% d. 20%