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Calculate the following ratios: Liquidity & Efficiency: Current Ratio Acid-Test Ratio Receivables Turnover & Days Sales Uncollected Inventory Turnover & Days sales in Inventory Solvency:

Calculate the following ratios:

Liquidity & Efficiency:

  • Current Ratio
  • Acid-Test Ratio
  • Receivables Turnover & Days Sales Uncollected
  • Inventory Turnover & Days sales in Inventory

Solvency:

  • Debt Ratio
  • Equity Ratio
  • Debt to Equity Ratio

Profitability:

  • Profit Margin Ratio
  • Gross Margin Ratio
  • Return on Total Assets (ROA)
  • Return on Equity (ROE)

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For the Years Ended December 31, 2018 and 2017 12/31/2018 12/31/2017 5665,600 630,000 451,500 178,500 Sales Cost of Goods Sold Gross Profit 468,000 197,600 72,800 31,200 93,600 79,800 27,300 71,400 Operating Expenzes Selling & Administrative Expenses Operating Income 7,280 16,640 Interest Expense Income Tax Expense 8,400 14,700 $69,68048 Net Income Comparative Balance Sheet For the Years Ended December 31, 2018 and 2017 12/31/2018 12/31/2017 Current Assets 543,120 52.500 75,600 25,200 153,300 Cash Accounts Receivable 74,480 19,600 137,200 Total Current Assets Long-Term Assets 176,400 189,000 (52,500) Total Long Term Assets 137,200 $274,400 289,800 Total Assets Liabilities and Shareholders' Equity: Current Liabilities 535,280 46,200 11,760 47,040 Accounts Payable Salaries Payable Total Current Liabilities 8,400 54,600 Long-Term Liabilities Notes Payable Total Long-Term Liabilities 83,200 73,500 Total Liabilities 135,240 Shareholders' Equity Common Stock, $1 par Paid In Capital Retained Earnings 39,200 29,400 70,560 42,000 31,500 88,200 Total Shareholders' Equity 139,160 161,700 $274,400$289,800 Total Liabilities and Shareholders Equity

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