A 97 98 99 100 101 102 103 RATIO ANALYSIS Grant Corp. Comparative Balance Sheet 12/31/21 D E F G H M N P Q R 5 T U V W x 40 points Your answers go below Compute the following mos 1 CURRENT RATO 104 2021 2020 105 A 105 107 Cash Short term investments 35,000 15,000 10,000 50,000 108 Accounts receivable, nat 50,000 30,000 109 Inventory 50,000 70,000 110 Property, plant & equipment, net 260,000 300,000 111 Total assets 400,000 500,000 112 2 RETURN ON COMMON STOCKHOLDERS' EQUITY 111 Libilities & Stockholders' equity 114 Accounts payable 20,000 30,000 115 Short-tem notes payable 30,000 90,000 116 Bonds 90,000 150,000 117 Common stock 150,000 150,000 118 Retained coming 110,000 119 Total liabilities & stockholders' equity 400,000 70,000 500,000 120 121 Gant Corp. 122 Income Statement 123 12/31/21 124 125 Net sales 400,000 126 Cost of goods sold 240,000 127 Gross profit 160,000 128 3 PRICE EARNINGS RATIO 129 Operating expenses 52,000 130 Interest expense 18,000 131 T 30,000 132 Income befoincome 90,000 Income sw expense 27,000 134 Net Income 63,000 135 136 ADDITIONAL INFORMATION 137 138 139 140 141 141 Cash dividends were declared and paid during the year Weighted average number of shares of common stock outstanding for the your Market value of common stock on December 31, 2021 INSTRUCTIONS Using the financial statements and additional information, compute the following ration $ 23,000 30,000 21 pershaw 143 for the company for 2021. Show all computations. 144 4 ACID TEST RATIO 5 ACCOUNTS RECEIVABLES TURNOVER 6 TIMES INTEREST EARNED 7 PROFIT MARGIN 8 DAYS IN INVENTORY 9 PAYOUT RATIO 10 RETURN ON ASSETS