Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets $24,136 $25,000 13,348 26,722 $64,206 Fixed assets Net plant and equipment $333,695 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities 16,100 28,000 $ 69,100 $ 363,900 $397,901 $ 433,000 Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 2020 $24,084 $28,000 19,000 11,700 12,471 18,300 $ 55,555 $ 58,000 $78,000 $91,532 2021 $60,000 $60,000 204,346 223,468 $ 264,346 $397,901 $ 283,468 $ 433,000

\begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Short-term solvency ratios: } & \multicolumn{2}{|c|}{2020} & \multicolumn{2}{c|}{2021} \\ \hline a. Current ratio & & times & & times \\ \hline b. Quick ratio & & times & & times \\ \hline c. Cash ratio & & times & & times \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Asset utilization ratios: } & \\ \hline d. Total asset turnover & & times \\ \hline e. Inventory turnover & & times \\ \hline f. Receivables turnover & & times \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Long-term solvency ratios: } & \multicolumn{2}{c|}{2020} & \multicolumn{2}{c|}{2021} \\ \hline g. Total debt ratio & & times & & times \\ \hline h. Debt-equity ratio & & times & & times \\ \hline i. Equity multiplier & & times & & times \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline j. Times interest earned & times \\ \hline k. Cash coverage ratio & times \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline j. Times interest earned & & times \\ \hline k. Cash coverage ratio & & times \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Profitability ratios: & \\ \hline 1. Profit margin & % \\ \hline m. Return on assets & % \\ \hline n. Return on equity & % \\ \hline \end{tabular}