ABC Company Income Statement

Sales

$ $300,000$

ASSETS

Cost of Goods Sold

$ $180,000$

Current Assets Cash

Gross Profit

$ $120,000$

Securites

Acconts Receivable

Less: Operating Expenses Inventories

Selling Expense $

$25,000$

Prepaid Insurance

Total Current Assets

Operating Profit

$ $70,000$ Long Term Assets

Equipment

Less: Interest expense $ $10,000$ Building

Profit Before Taxes

$ $60,000$ Land

Trademarks

Less: Taxes $ $10,000$ Goodwill

Net Profit After Taxes

$ $50,000$

Total Long Term Assets

Total Assets

Annual Credit Sales $=$ $$220,000$ Annual Credit Purchases $=$ $$180,000$ Average Inventory $=$ $$50,000$

Average Accounts Receivable $=$ $$50,000$ Average Accounts Payable $=$ $$20,000$ Calculate the three Liquidity ratios?

Calculate the inventory turnover, average inventory age, accounts receivable turnover, average collection period of receivables, accounts payable turnover and average age of payable ratios?

Calculate the three debt ratios?

Calculate the six profitability ratios?