Bismarck Corporations comparative balance sheets are presented below. BISMARK CORPORATION Balance Sheets December 31

2021 2020 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

Bismarks income statement for year ending December 2021 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.