1. Cash=20 A/R = 10 merchandise=30 land =60 short-term investments=40

Current liabilities= 20. Find the current ratio.

2. Quick assets=50 A/P= 10 taxes payable=10 long term bond payable=30

Find the quick ratio.

3. Inventory( Jan 1)=80 Inventory (Dec 31)=60 COGS=280

Find inventory turnover

4. Inventory turnover=20 . Find days sales in inventory ( use 360 days)
5. Average assets= 100 sales =70 , net income=8, gross profit=10. Find return on assets.
6. Sales=300, gross profit=90, net income=60. Find return on sales
7. Operating income=200, tax expense= 40, interest expense=50. Find times interest earned
8. Base year is 2017

2017 sales= 5,000

2018 sales= 4700

2019 sales= 4,900

2020 sales 5500.

Find the Index # for 2020