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as soon as possible!! thank you Additional information: All sales were credit sales and normal terms are net 30 days from date of invoice. The

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as soon as possible!! thank you

Additional information: All sales were credit sales and normal terms are net 30 days from date of invoice. The company's accounts receivable at May 31, 2020 were $102,600, The inventory at May 31, 2020 was $79,800. The total assets at May 31, 2020 were $364,900. Shareholder's equity was $241,620 at May 31, 2020. Total shares outstanding at May 31, 2020 & May 31, 2021 were 12,000. The market price per share is $60, Required: 1. Calculate any 12 ratios from the list of ratios provided in Moodle & discussed in class. 2. Choose 4 of the ratios calculated in Part 1 & discuss. Limited industry averages & prior year ratios are listed below to assist you in your analysis. w Industry averages -2021 Abu Company Limited May 31, 2020 Gross profit margin ratio 51.0% 47.50% Return on sales (net profit margin) 6.5% 596 Times interest eamed 10 8 Debt ratio .40 .52 # of days sales in inventory 65 days 60 days Current ratio 2.6 1.5 Quick Ratio 1.60 1.15 The following information is available for Abu Company Limited for the year ended May 31, 2021: Abu Company Limited Income Statement For the Year Ended May 31, 2021 Sales $888,900 Cost of goods sold 446,200 442,700 Amortization expense 48,000 Operating expenses 316,800 Total operating expenses 364.800 77,900 Interest expense 12.500 65,400 Income taxes 13.080 $52320 Abu Company Limited Balance Sheet May 31, 2021 Liabilities Assets Accounts payable 5108,900 Cash 548,250 Wages payable 4200 Accounts receivable 1225500 Taxes payable 13.080 Inventory 99.780 126,180 Long term note payable 88,000 270 530 Long term investments 20,000 Property, plant & equipment 250,000 Less Accumulated depreciation (75.000) 195.000 214.180 Shareholder's equity Common shares 120,000 5465,530 Retained earnings 31.350 251350 5465.530

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