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Casper's Cookie Company comparative balance sheets are presented below. 2020 2019 Cash 5,300 3,700 |A/R 21,200 23,400 Inventory 9,000 7,000 Land 20,000 26,000 Buildings 70,000
Casper's Cookie Company comparative balance sheets are presented below. 2020 2019 Cash 5,300 3,700 |A/R 21,200 23,400 Inventory 9,000 7,000 Land 20,000 26,000 Buildings 70,000 70.000 Acc. Depr. - Buildings (15,000) (10,000) Total 110,500 120,100 |A/P 10,370 31,100 Common Stock 75,000 69.000 Retained Earnings 25,130 20,000 Total 110,500 120,100 Additional Information: 1. 2020 Net Sales - $120,000 2. 2020 Cost of Goods Sold - $80,000 3. 2020 Net Income - $18,000 Calculate the following ratios (show your work): Inventory Turnover Return on Assets
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