Condensed statements of financial position and statement of income data for Accustart Corporation follow ACCUSTART CORPORATION Statement of Financial Position December 31 2021 2020 2019 Assets Current assets Cash $25.000 $19.900 $17.800 Accounts receivable (net) 54,800 44,600 48,200 Inventory 100,000 85,200 63,600 Total current assets 179,800 149.700 129,600 Long-term investments 50,000 69 200 49.100 Property, plant, and equipment (net) 503,300 370.900 257.900 Total assets $733,100 $589,800 $436,600 Liabilities and Shareholders' Equity Liabilities Current liabilities $84 100 $80,000 $30.100 Noncurrent liabilities 154.200 84400 20.100 Total liabilities 238,300 164,400 50.200 Shareholders' equity Common shares 331.400 300,200 303,000 Retained earnings 163.400 125.200 83.400 Total shareholders' equity 494,800 425400 386,400 Total liabilities and shareholders equity $733.100 $589,800 $436,600 Retained earnings Total shareholders equity Total liabilities and shareholders equity 163.400 494,800 $733,100 125,200 425,400 $589,800 83,400 386,400 $436,600 ACCUSTART CORPORATION Statement of Income Year Ended December 31 2021 Sales 697,500 Cost of goods sold 445,800 Gross proht 251,700 Operating expenses 148.500 Income from operations 103,200 Interest expense 9,900 Income before income tax 93,300 Income tax expense 18,660 Net income $74,640 2020 453,300 302.200 151.100 84,600 66.500 4.260 62.240 12.448 $49.792 Additional information The allowance for doubtful accounts was $4,800 in 2019, $4500 in 2020 and $5,000 in 2021 All sales were credit sales Net cash provided by operating activities was $120.600 in 2020 and 5102.700 in 2021 Net capital expenditures were $151 100 for 2020 and $179.800 for 2021 1 2 3 4. Calculate the following ratios for 2020 and 2021: (Round answers to 1 decimal place, e9.5.2:1 or 5.2% or 5.2. Enter negative answers preceeding either - sign. es. 45 or in parentheses, 0.8.6453.) 2021 2020 1 Current ratio 2 Receivables turnover times times times 2 Inventory turnover 4 Debt to total assets 5 Times interest earned times times 6 Free cash flow $ $ 7 Gross profit margin X Proht man % 9. Asset turnover times times 10 Return on sets e Textbook and Media Seortor Attempts unlimited somt