\begin{tabular}{|c|c|c|c|} \hline & 2022 & 2023 & 2024 \\ \hline \multicolumn{4}{|c|}{ Statement of Financial Position } \\ \hline \multicolumn{4}{|l|}{ Assets } \\ \hline Cash & $28,000 & $25,800 & $40,000 \\ \hline Accounts receivable & 83,000 & 74,400 & 171,100 \\ \hline Inventory & 133,500 & 160,000 & 277,200 \\ \hline Capital assets (net) & 518,000 & 542,000 & 619,700 \\ \hline \multirow[t]{2}{*}{ Other assets } & 277,900 & 250,000 & 306,500 \\ \hline & $1,040,400 & $1,052,200 & $1,414,500 \\ \hline \multicolumn{4}{|l|}{ Liabilities and equity } \\ \hline Accounts payable & $122,000 & $84,500 & $145,000 \\ \hline Long-term debt & 240,500 & 293,700 & 606,000 \\ \hline Common shares & 632,000 & 632,000 & 632,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Long-term debt & 240,500 & 293,700 & 606,000 \\ \hline Common shares & 632,000 & 632,000 & 632,000 \\ \hline \multirow[t]{2}{*}{ Retained earnings } & 45,900 & 42,000 & 31,500 \\ \hline & $1,040,400 & $1,052,200 & $1,414,500 \\ \hline \multicolumn{4}{|l|}{ Statement of Earnings } \\ \hline Sales & $501,500 & $578,500 & $802,500 \\ \hline Cost of goods sold & (295,885) & (404,950) & (545,700) \\ \hline \multirow[t]{2}{*}{ Other expenses } & (86,500) & (130,000) & (201,500) \\ \hline & 119,115 & 43,550 & 55,300 \\ \hline Income tax & (27,635) & (12,581) & (13,825) \\ \hline Net income & $91,480 & $30,969 & $41,475 \\ \hline \end{tabular} Current ratio Quick ratio A/R turnover Average collection period Inventory turnover Days to sell inventory 0.91:1 6.04 times 60 days 2.22 times 164 days eTextbook and Media