Bismarck Corporation's comparative balance sheets are presented below.

BISMARK CORPORATION

Balance Sheets

December 31

2022 2021

Cash $ 10,300 $ 3,900

Accounts receivable 16,200 24,400

Inventory 11,000 8,000

Land 32,000 28,000

Building 74,000 74,000

Accumulated depreciation (15,000) (12,000)

Total $128,500 $126,300

Accounts payable $ 17,370 $ 31,100

Common stock ($5 par) 70,000 70,000

Retained earnings 41,130 25,200

Total $128,500 $126,300

Bismark's income statement for year ending December 2022 included sales/revenue of $100,000, cost of goods sold of $60,000, and net profit/income of $20,000.

Instructions

Compute the following ratios for 2022.

a) Current ratio. b) Quick ratio. c) Accounts receivables turnover and average collection period. d) Inventory turnover and days in inventory. e) Profit margin. f) Asset turnover. g) Return on assets. h) Return on equity. i) Debt to equity ratio.