Chapter 15 Homework-ACCT21140 Bb Microsoft Word - Homework Spri learn-us-east-1-prod-fleet12-xythos.content.blackboardcdn.com/51c92113695d4/18583317x-Blackboard-Expiration-16120620000008/x-Blackboard-5...@ Mail- Jeffrey D. Full. Home | MyCSU Ho... My Blackboard Com.. Watch Anime Onlin... VRV Home of You.. Twitch Inbox (6,535) - supe.. YouTube (20) Home/Twitter VHL Central Home This Year Last Year Assets Current Assets: Cash $ 10,000 $ 15,000 Accounts Receivable Inventory $ 15,000 $ 25,000 $ 25,000 $ 15,000 Total Current Assets $ 50,000 $ $5,000 Property, Plant & Equipment (net) $ 180,000 $ 170,000 Total Assets $ 230,000 $ 225,000 Liabilities & Equities Liabilities: Total Current Liabilities Bonds Payable $ $ 2,500 $ 75,000 $ 75,000 3,000 Total Liabilities Equities Common Stock $ 77,500 $ 78,000 $ 100,000 S 100,000 Retained Earnings $ 52,500 $ 47,000 Total Equities $ 152,500 $ 147,000 Total Liabilities & Equities $ 230,000 $ 225,000 Sales Revenue $ 250,000 S 220,000 Cast of Goods Sold $ 155,000 S 132,000 Gross Margin $ 95,000 $ 88,000 Selling & Administrative Expenses $ 74,250 $ 73,500 Operating Income $ 20,750 $ 14,500 Interest Expense $ 5,500 $ 5,500 Net Income $ 15,250 $ 9,000 Calculate each of the following ratios for This Year: 1. Current Ratio 2. Accounts Receivable Turnover 3. Average Collection Period (average days in accounts receivable) 4. Inventory Turnover 5. Average sale period (average days in inventory) 6. Operating Cycle 7. Gross Margin Percentage 8. Net profit margin percentage 9. Return on assets 10. Return on equity You can upload either an EXCEL file with your solutions or a PDF. Activate Windows Go to Settings to activate Windows.