Assignment 4 CLO 5 The following data are from Stone, Inc., financial statements. The firm manufactures home decorative material. Sales during 2020 were $80 million of which 75% were on credit and the cost of sales represents 50% of the credit sales. Asset Turnover ......... 2 times Total debt to assets .............. 40% Current ratio 2 times Inventory turnover........ 10 times Accounts receivable turnover.... 15 times Stone Inc.; A summarized Balance Sheet as at Dec. 31,2020 Assets ($) Liabilities and Equities Cash Current Liabilities Accounts Receivable Long term Liabilities Inventory Total Liabilities Total Current Assets 10,000.000 Plant and Equipment Shareholders' Equity Total Assets Total Liabilities & Equities Required: Apply ratio analysis to compute the missing information and fill in the balance sheet items. (7 marks: 5 marks for values and 2 marks for complete computation) Comment on the liquidity and profitability of this company