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ABC Inc. presents the following financial information for the year ending 30-06-2022: Balance Sheet: Cash: $2,20,000 Accounts Receivable: $5,00,000 Inventory: $8,30,000 Prepaid Expenses: $35,000 Short-term


ABC Inc. presents the following financial information for the year ending 30-06-2022:

Balance Sheet:

Cash: $2,20,000

Accounts Receivable: $5,00,000

Inventory: $8,30,000

Prepaid Expenses: $35,000

Short-term Investments: $4,20,000

Liabilities and Equity:

Accounts Payable: $5,80,000

Short-term Loans: $2,70,000

Long-term Debt: $7,80,000

Common Stock: $11,80,000

Retained Earnings: $6,90,000

Income Statement for the year ending 30-06-2022:

Sales: $58,00,000

Cost of Goods Sold: $33,00,000

Operating Expenses: $9,20,000

Interest Expense: $2,00,000

Tax Rate: 31%

Requirements:

Calculate the current ratio.

Calculate the debt to equity ratio.

Calculate the return on assets.

Calculate the net profit margin.

Calculate the inventory turnover ratio.

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