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BA 2.3 5 4.67 . Principles of Accounting | Aanger 4 CLO5 The two cats are trum Stone, c, TO SEN. The tracturer some decorative

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BA 2.3 5 4.67 . Principles of Accounting | Aanger 4 CLO5 The two cats are trum Stone, c, TO SEN. The tracturer some decorative material Sales during 2020 were 580 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 10 times Inventory tamover. Accounts receivable turnover. 15 times Stone Inc., A summarized Balance Sheet us at Dec. 31,2020 Asset (5) Liabilities and Equities Cash Current Liabilities Accounts Receivable Long term Liabilities Loventory Total Liabilities Total Current Assets 10,000,000 Plant and Equipment Shareholders' Equity Total Assets Total Liabilities & Equities Required 1. Apply ratio analysis to compute the missing information and fill in the balance sheet items. (marks mark for values and more for complete computation) 2. Content on the liquidity and profitability of this company. . Principles of Accounting || Assignment 4 CL05 The following data are from Stone, Inc., financial statements. The firm manufactures home decorative material Sales during 2020 were $80 million of which 75% were on credit and the cost of sales represents 50% of the credit sales. Auset Tumover 2 times Total debt to assets. 40% Current ratio 2 times Inventory tumover 10 times Accounts receivable turnover 15 times Stone Inc; A summarized Balance Sheet as at Dec. 31,2020 Assets ($) 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: 1. Apply ratio analysis to compute the missing information and fill in the balance sheet items. f marks: 5 marks for values and 2 marks for complete computation 2. Comment on the liquidity and profitability of this company marki

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