ASSETS From the information below, compute the ratios indicated on the following page. December 31 January 1 Cash S 100,000 $ 80,000 Short-term investments 100,000 180,000 Accounts receivable 200,000 300,000 Inventory 300,000 500,000 Pre-paid costs 100,000 0 Property, Plant & Equip 1.000.000 1.140.000 Total Assets $ 1.800,000 $.2.200.000 Liabilities and Stockholder Equity Current liabilities Long term debt Stockholder equity $ 200,000 800,000 800.000 $ 550,000 900,000 750.000 Total liabilities & S/E $ 1.800.000 $ 2.200.000 INCOME STATEMENT Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $ 2,500,000 2.000.000 500,000 300,000 200.000 Number of shares outstanding: Stock price 50,000 $40 per share Calculate: Current Ratio (at December 31) Accounts receivable turnover Average collection period Inventory turnover Days in inventory Gross Profit Percentage Profit margin 6