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a.What is the debt ratio for 2020? b. What is the current ratio for 2020? c.What is the inventory turnover for 2020? For the Years

image text in transcribeda.What is the debt ratio for 2020?

b. What is the current ratio for 2020?

c.What is the inventory turnover for 2020?

image text in transcribed

For the Years Ending [Dec 31, 2020 and Dec 31, 2019) In millions Revenue Salos Service revenue Other revenue Total Revenues/ Sales 2020 1,200.0 2019 900.0 100.0 1,200.0 1,000.0 Expenses COGS Depreciation and amortization Earnings before Interst and taxes Interest expense Net Income Before Taxes Taxes (40%) Common dividends Net Income available to common stockholders 1,020.0 30.0 150.0 21.7 128.3 51.3 60.5 77.0 850.0 25.0 125.0 20.2 104.8 41.9 4.4 62.9 FIN 3100 Balance Sheet Date: 6/4/2020 2020 2019 in millions Assets Current Assets Cash and cash equivalents Accounts receivable Inventory 12.0 $ 180.0 $ 180.0 $ 372.0 $ 10.0 150.0 200.0 360.0 Total current assets $ Fixed (Long-Term) Assets Property, plant, and equipment (Less accumulated depreciation) $ Total fixed assets $ 450.0 $ (150.0) $ 300.0 $ 406.0 (156.0) 250.0 Total Assets $ 672.0 $ 610.0 108.0 $ 67.0 $ 72.0 $ 247.0 $ 90.0 51.5 60.0 201.5 Liabilities and Owner's Equity Current Liabilities Accounts payable Notes payable Deferred revenue and other Total current liabilities $ Long-Term Liabilities Long term bonds $ Total long-term liabilities $ Owner's Equity Common stock (50 million shares Retained eamings Total owner's equity $ 150,0 $ 150.0 $ 150.0 150.0 50.0 $ 225.0 $ 275.0 $ 50.0 208.5 258.5 Total Liabilities and Owner's Equity $ 672.0 $ 610.0

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