Choctaw, Inc. Ratios 2020 Liquidity Ratios Current Ratio 1.94x Quick Ratio Efficiency Ratios Inventory Turnover Ratio 5.00x Accounts Receivable Turnover Ratio 10.00x Average Collection Period Fixed Asset Turnover 1.44x Total Asset Turnover Leverage Ratios Total Debt Ratio Long-Term Debt Ratio LTD to Total Capitalization Debt to Equity Long-Term Debt to Equity 0.59x Coverage Ratios Times Interest Earned 2.14x Cash Coverage Ratio Profitability Ratios Gross Profit Margin Operating Proft Margin Net Proft Margin 2.29% Return on Total Assets 2.44% Return on Equity 4.49% Choctaw, Inc. Income Statement For the Year Ended Dec. 31, 2020 2020 Sales Cost of Goods Sold Gross Profit Depreciation 72.000 SG&A Expense 954,250 Lease Expense 45,750 EBIT Interest Expense Earnings Before Taxes Taxes Net Income Note: Tax Rate 25% 2020 35,000 593,000 3,450,000 Choctaw, Inc. Balance Sheet As of Dec. 31, 2020 Assets Cash Accounts Receivable Inventory Total Current Assets Grossed Fixed Assets Accumulated Depreciation Net Fixed Assets Total Assets Liabilities and Owners' Equity Accounts Payable Short-term Notes Payable Total Current Liabilities Long-term Debt Common Equity Total Liabilities and Owners' Equity 4,030,650 359,575