CHILLIT 05 Condensed statements of financial position and statement of income data for Oak Ridge Corporation follow: OAK RIDGE CORPORATION Statement of Financial Position December 31 2021 2020 2019 Assets $24.800 55,100 100,600 180,500 53,700 499,800 $734,000 $20,200 44,600 84,300 149.100 67,500 371,500 $588,100 $18,200 47,500 64,600 130,300 45,400 255,900 $431,600 Current assets Cash Accounts receivable (net) Inventory Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Shareholders' Equity Liabilities Current liabilities Non-current liabilities Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $85,500 154,700 240,200 $79,200 84,100 163,300 $29.800 20.000 49.800 329,800 164,000 493,800 $734,000 299,100 125.700 424,800 $588,100 299,000 82.800 381,800 $431.600 OAK RIDGE CORPORATION Statement of Income Year Ended December 31 2021 Sales 702,300 Cost of goods sold 450,000 2020 450.400 298,900 Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 164.000 493,800 $734,000 125,700 424,800 $588,100 82,800 381,800 $431,600 OAK RIDGE CORPORATION Statement of Income Year Ended December 31 2021 Sales 702,300 Cost of goods sold 450.000 Gross profit 252,300 Operating expenses 148,600 Income from operations 103,700 Interest expense 9.900 Income before income tax 93.800 Income tax expense 18.760 Net income $75,040 2020 450,400 298.900 151,500 84,300 67,200 3.720 63,480 12,696 $50,784 Additional information: 1. 2. 3 4. The allowance for doubtful accounts was $4.700 in 2019, $4,500 in 2020, and $4.900 in 2021. All sales were credit sales. Net cash provided by operating activities was $118,500 in 2020 and $101,200 in 2021. Net capital expenditures were $151,500 for 2020 and $180,500 for 2021. (a) Your answer is partially correct. Calculate the following ratios for 2020 and 2021: (Round answers to 1 decimal place, s.5.2:1 or 5.2% or 52. Enter negative Calculate the following ratios for 2020 and 2021: (Round answers to 1 decimal place, eg, 5.2:1 or 5.2% or 5.2. Enter negative answers preceeding either - sign, eg. -45 or in parentheses, eg. (450) 2021 2020 2.1 1.9 1. Current ratio 1 1 2. Receivables turnover times times 49 4.0 3. Inventory turnover times times 32.7 4. Debt to total assets 96 96 5. Times interest earned times times $ 6. Free cash flow 7. Gross profit margin 5 96 8. Profit margin 96 96 1 0.9 9. Asset turnover times times 10. 96 Return on assets 96