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Additional information: 1. Inventory at the beginning of 2021 was $117,000. 2. Accounts receivable (net) at the beginning of 2021 were $90,000. 3. Total assets
Additional information: 1. Inventory at the beginning of 2021 was $117,000. 2. Accounts receivable (net) at the beginning of 2021 were $90,000. 3. Total assets at the beginning of 2021 were $631,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. December 31 \begin{tabular}{lcc} Assets & 2022 & 2021 \\ \hline Cash & $69,440 & $67,920 \end{tabular} Debt investments (short-term) 51,00041,000 Accounts receivable 104,00090,000 Inventory 230,000164,000 Prepaid expenses 22,00023,000 Land 133,000133,000 Total assets $703,920$871,440 Liabilities and Stockholders' Equity Notes payable $168,864$102,000 Accounts payable 66,00051,000 Accrued liabilities Bonds payable, due 2025 Common stock, \$10 par Retained earnings Total liabilities and stockholders' equity \( \quad \underline{\hline \$ 771,440} \quad \stackrel{\$ 703,920}{\underline{\underline{\$ 8}}} \) Compute the liquidity and profitability ratios of Carla Vista Company for 2021 and 2022. (Round current ratio, asset turnover c
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