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all one question! please help please hurry PROBLEM 4 CURRENT RATIO ACID TEST RATIO PROBLEM 4 RATIO ANALYSIS 66 30 points 67 Myopia Inc 60
all one question! please help
please hurry
PROBLEM 4 CURRENT RATIO ACID TEST RATIO PROBLEM 4 RATIO ANALYSIS 66 30 points 67 Myopia Inc 60 COMPARATIVE BALANCE SHEET 69 31-Dec 70 Assets 12/31/2021 12/31/2020 71 Cash 10.000 6,000 72 Short term Investments 7.750 4,000 73 Accounts Receivable, net 12,000 9,000 74 Inventory 22,000 17,000 75 Property. Plant & Equipment, net 44,000 34,000 76 Total Assets 95.750 70,000 77 78 Liabilities & Stockholders Equity 79 Accounts Payable 8.000 10,000 BO Short term notes payable 14,000 8.000 81 Bonds Payable 32,000 20,000 82 Common Stock 22,000 20,000 83 Retained Earnings 19,250 12.000 34 Total Liabilities & Stockholders' Equity 95.750 70,000 85 36 87 38 We Meting Myopia Inc PRICE EARNINGS RATIO PROFIT MARGIN ya PROFIT MARGIN DAYS IN INVENTORY 90 INCOME STATEMENT 91 For the Year Ended 12-31-21 92 3 Net Sales 4 Cost of Goods Sold 94,000 63,000 55 Gross Profit 31,000 JG 7 Expenses a Operating Expenses 18.000 9 Interest Expense 500 00 Total Expenses 18,500 1 Income before income taxes 12,500 2 Income tax expense 3,750 3 Net Income 8.750 14 5 ADDITIONAL INFORMATION 6 Cash dividends declared and paid during the year 1,000 7 Weighted average number of common shares outstanding during the year 8 Market value of common stock on December 31 was $22 per share INSTRUCTIONS: Using the financial statements and additional Information, compute the following ratios for 2021. Show all computations, DEBT TO TOTAL ASSETS 1.000 Coco Webex Meetings OPTIONAL ADDITIONAL 2 POINTS Sheet1 Sheet2 Sheets Type here to search OP Step by Step Solution
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