Accounting for managers

Use the below information to answer the following SIX questions (numbered 9 through 14). The financial statements presented below are the balance sheet of Superior Corporation as of December 31, 2020 and its income statement for 2020. There were no amortization charges, and the corporation did not lease any assets. Besides, none of the corporation's debt will be retired during the next 5 years, and the notes payable will be rolled over. The annual interest rate was 7% $2,520,000 9,750,000 14,000,000 5,000,000 17.500.000 $48.770.000 SUPERIOR CORPORATION Balance Sheet December 31, 2020 Assets Cash and Equivalents Accounts Receivable Inventories Supplies Net Plant and Equipment Total Assets Liabilities and Stockholders' Equity Accounts Payable Accruals Notes Payable (due in 6 months) Long-Term Bonds Total Liabilities Common Stock Retained Earnings Total Common Equity Total Liabilities and Stockholders' Equity 58,900,000 5,200,000 6,400,000 10.000.000 30,500,000 8,500,000 9.770.000 18.270,000 S48,770.000 SUPERIOR CORPORATION Income Statement For the Year Ended December 31, 2020 Net Sales Operating Costs (Excluding Depreciation) Depreciation Earnings Before Interest and Taxes (EBIT) Less: Interest $67,500,000 60,400,000 1.000.000 6,100,000 1.148.000 Earnings Before Taxes (1:1) Taxes (40%) Net Income 4,952U 1.980.800 $2,971,200 9. What was the corporation's current ratio? 0.84 0.86 1.53 2.38 None of the above 10. What was the corporation's total assets turnover ratio? O 0.72 O 1.38 2.16 3.86 None of the above 11. What was the corporation's times-interest-earned ratio? 0 2.50 2.59 4.31 3.31 None of the above 12. What was the corporation's return on common equity? 6.09% 16.26% 33.39% 34.96% None of the above 13. What was the corporation's basic earning power? 6.09% 10.15% 12.51% 19.51% None of the above 14. What was the amount of total invested capital? $16,400,000 $18,270,000 $34,670,000 $48,770,000 None of the above