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(a) Compute the following items for Pina Corporation. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.) 1. 2. 3. 4. 5. 1. 2.
(a) Compute the following items for Pina Corporation. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.) 1. 2. 3. 4. 5. 1. 2. 3. 4. Current ratio for fiscal years 2020 and 2021. Acid-test (quick) ratio for fiscal years 2020 and 2021. Inventory turnover for fiscal year 2021. Return on assets for fiscal years 2020 and 2021. (Assume total assets were $1,675,840 at 3/31/19.) Percentage change in sales, cost of goods sold, gross margin, and net income after taxes from fiscal year 2020 to 2021. Current ratio Acid-test (quick) ratio Inventory turnover Return on assets 2020 1.97 1.66 :1 :1 18.53 % 2021 2.18 1.62 19.91 19.26 :1 :1 times % (a) Compute the following items for Pina Corporation. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.) 1. 2. 3. 4. 5. 1. 2. 3. 4. Current ratio for fiscal years 2020 and 2021. Acid-test (quick) ratio for fiscal years 2020 and 2021. Inventory turnover for fiscal year 2021. Return on assets for fiscal years 2020 and 2021. (Assume total assets were $1,675,840 at 3/31/19.) Percentage change in sales, cost of goods sold, gross margin, and net income after taxes from fiscal year 2020 to 2021. Current ratio Acid-test (quick) ratio Inventory turnover Return on assets 2020 1.97 1.66 :1 :1 18.53 % 2021 2.18 1.62 19.91 19.26 :1 :1 times %
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