b

Wildhorse Corporation's comparative balance sheet is presented below. WILDHORSE CORPORATION Balance Sheet December 31 2021 2020 Cash $5,000 $3,800 Accounts receivable 19,800 23,600 Inventory 8,500 6,500 Land 18.500 24,500 Buildings 70,000 70,000 Accumulated depreciation-buildings (14,000) (9,000) Total $107,800 $119.400 Accounts payable $13,180 $32.300 Common shares 75,000 69,000 Retained earnings 19,620 18,100 Total $107,800 $119.400 Wildhorse's 2021 income statement included net sales of $100,000, cost of goods sold of $50,000, and profit of $17,000 Calculate the following ratios for 2021. (Round Collection period and Days sales in inventory to decimal places es: 52 and all other answers to 1 decimal place, e.g. 52.7 or 52.7%. Use 365 days for calculation) 2021 MacBook Pro Wildhorse's 2021 Income statement included net sales of $100,000, cost of goods sold of $50,000, and profit of $17,000, Calculate the following ratios for 2021. (Round Collection period and Days sales In Inventory to O decimal places eg. 52 and all other answers to 1 decimal place, es, 52.7 or 52.7%. Use 365 days for calculation) 2021 (a) Current ratio (b) Acid-test ratio ch Receivables turnover times (d) Collection period days le) Inventory turnover times an Days sales in inventory days (8) Proht margin (h) Asset turnover times (1) % Return on assets 0) Return on equity % (k) Debt to total assets %