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can anyone pls help me solve this question. Condensed balance sheet and income statement data for Ayayai Corporation appear below: AYAYAI CORPORATION Balance Sheet December
can anyone pls help me solve this question.
Condensed balance sheet and income statement data for Ayayai Corporation appear below: AYAYAI CORPORATION Balance Sheet December 31 Cash Accounts receivable Other current assets Property, plant, and equipment (net) 2021 2020 2019 $ 25,000 $ 20,000 $18,000 50.000 45,000 48.000 90,000 95,000 64,000 475,000 440,000 395.000 $640,000 $600,000 $525.000 $ 68,000 $ 75,000 $ 60,000 75,000 80,000 40,000 300.000 280,000 280,000 197,000 165,000 145.000 $640.000 $600,000 $525.000 Current liabilities Long-term debt Common shares Retained earnings AYAYAI CORPORATION AYAYAI CORPORATION Income Statement For the Years Ended December 31 2021 2020 Sales revenue $740,000 $720,000 Less: Sales returns and allowances 35,000 50,000 Net sales 705,000 670,000 Cost of goods sold 410,000 400,000 Gross profit 295,000 270,000 Operating expenses (including income taxes) 200,000 220,000 Profit $ 95,000 $ 50.000 Additional information: 1. The market price of Ayayai's common shares was $2.00. $3.00, and $6.00 for 2019 2020 and 2021. respectively. 2. All dividends were paid in cash. 3. Weighted average common shares were 32,000 in 2021 and 28,000 in 2020. Compute the following ratios for 2020 and 2021. (Round asset turnover, earnings per share and price earning ratio answers to 2 decimal places es. 1.83 or 1.83% and all other answers to 1 decimal place e.g. 1.5%.) 2021 2020 Profit margin % % Asset turnover times times Earnings per share $ $ Price-earnings ratio times times Payout ratio % % Debt to total assets % % Gross profit margin % % e Textbook and Media Based on the ratios calculated, indicate the improvement or lack thereof in Ayayai Corporation's financial position and operating results from 2020 to 2021. Based on the ratios calculated, Ayayai Corporation's financial position and operating results from 2020 to 2021 is weakened e Textbook and Media improved Question Part Score --/0.2Step by Step Solution
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