Compute the following ratios for year 2021 and AVG ratios.
AAA CORPORATION						AAA CORPORATION
Balance Sheet						Ratios, 2021
Assets				Year 2020	Year 2021			2021	AVG 2021
Current Assets:							A. Liquidity Ratios
Cash & Cash equivalents				$30,000	$45,000		1. Current Ratio
Marketable securities				$35,000	$40,000		2. Quick Ratio
Accounts receivable				$230,000	$300,000		3. Cash Ratio
Inventory				$285,000	$298,000		B. Debt Utilization Ratios
Prepaid expenses				$50,000	$55,000		1. Debt to Total Asset
Total current assets				$630,000	$738,000		2. Debt Equity Ratio
Plant and equipment in Gross				$994,580	$1,042,500		3. Equity Multiplier
Less: depreciation				$438,000	$525,000		4. Times Interest Earned
Net plant and equipment				$556,580	$517,500		5. Cash Coverage Ratio
Total assets				$1,186,580	$1,255,500		C. Turnover Ratios
							1. Inventory Turnover Ratio
Liabilities and Stockholders' Equity			Year 2000	Year 2001		2. Receivable Turnover Ratio
							3. Payable Turnover Ratio
Accounts payable				$225,000	$150,000		4. Fixed Asset Turnover Ratio
Notes payable				$250,000	$300,000		5. Total Asset Turnover Ratio
Total current liabilities				$475,000	$450,000		6. Days Inventory Outstanding (DIO)
Long-term liabilities				$305,000	$350,240		7. Days Sales Outstanding (DSO)
Total liabilities				$780,000	$800,240		8. Days Payable Outstanding (DPO)
							9. Cash Conversion Cycle (CCC)
Common stock ($10 par value)				$200,000	$300,000		D. Profitability & Market Ratios
APIC				$50,000	$70,000		1. Profit Margin
Retained earnings				$156,580	$85,260		2. Return on Asset(ROA)
Total stockholders' equity				$406,580	$455,260		3. Return on Equity(ROE)
Total liabilities and equity				$1,186,580	$1,255,500		4. Market-to-Book Ratio
							5. Price-earning (PE) Ratio
							6. Price-earning-growth (PEG) Ratio
AAA CORPORATION
Income Statement
				Year 2020	Year 2021
Sales				$1,650,000	$1,700,000
Cost of goods sold				$990,000	$1,020,000
Gross profits				$660,000	$680,000
Selling & administrative expenses			$180,000	$190,000
Depreciation expenses				$225,000	$230,000
EBIT				$255,000	$260,000
Interest expence				$140,000	$165,000
Earnings before taxes				$115,000	$95,000
Taxes				$34,500	$28,500
Earnings after taxes				$80,500	$66,500
Preferred stock dividends				$20,000	$20,000
Net Income				$60,500	$46,500
Common stock dividends				$30,000	$40,000
Balance retained in corporation				$30,500	$6,500
Market price per share				$55	$50
number of shares outstanding				20000	30000
Earning growth rate				10%	15%
Book value per share				$20.33	$15.18