Accounts receivable turnover 15 times Stone Inc: A summarized Balance Sheet as at Dec. 31.2020 Assets ($) Liabilities and Equities Cash Current Liabilities Accounts Receivable Long term Liabilities Inventory Total Liabilities Total Current Assets 10,000,000 Plant and Equipment Shareholders' Equity Total Assets Total Liabilities & Equities Required: 1. Apply ratio analysis to compute the missing information and fill in the balance sheet items. (marks: 5 marks for values and 2 marks for complete computation 2. Comment on the liquidity and profitability of this company. 3 marks) Assignment 4 CLO 5 The following data are from Stone, Inc., financial statements. The firm manufactures home decorative material Sales during 2020 were $80 million of which 75% were on credit and the cost of sales represents 50% of the credit sales. Asset Turnover 2 times Total debt to assets 4096 Current ratio 2 times Inventory turnover 10 times Accounts receivable turnover 15 times Stone Inc.; A summarized Balance Sheet as at Dec 31, 2020 Assets (5) Liabilities and Equities Cash Current Liabilities Accounts Receivable Long term Liabilities Inventory Total Liabilities ENGUSH (UNITED STATES