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Assets Cash Outdoor Waterworks Inc. Balance Sheet December 31, 2020 Current non-strategic investments Accounts receivable, net Notes receivable Inventory Prepaid expenses Plant and equipment, net
Assets Cash Outdoor Waterworks Inc. Balance Sheet December 31, 2020 Current non-strategic investments Accounts receivable, net Notes receivable Inventory Prepaid expenses Plant and equipment, net Total assets $ 24,200 26,880 54,080 12,560 62,040 6,160 336,520 $522,440 Liabilities and Equity Accounts payable $ 49,640 Accrued wages payable 6,640 Income taxes payable 7,560 Long-term note payable, secured by mortgage on plant 120,000 Common shares, 160,000 shares 202,000 Retained earnings 136,600 Total liabilities and equity $522,440 Assume all sales were on credit. Also assume the long-term note payable is due in 2023, with no current portion. On the December 31, 2019, balance sheet, the assets totalled $442,720, common shares were $202.000, and retained earnings were $113,640 Required: Calculate the following: (Use 365 days in a year. Do not round your intermediate calculations. Round the answers to 2 decimal places.) a Current ratio b Quick ratio eDays sales uncollected i d Inventory turnover eDays safes in Inventory Ratio of pledged plant assets to secured abilities a Times interest eamed h. Profit margin Total asset turnover Retum on total assets Return on common shareholders equity to 1 to f days times days to 1 imas 2 mes Check
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