Copy Wrap Text Custom Paste B 1 Format Marge & Center % ) .CO Conditi Formats Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates 123 x fx c D 1 2 Problem 3-20 Points 3 Given the following Information on ABC Corp. calculate the ratios below ABC Cap Yand statements Balance Sheet 12/31/19 Balance Sheet 12/31/18 ASSETS 2008 $ 6 ASSETS 7. Cik Ac Racible Inventory 10 Total Care Assets 11 Property Mast & Equipment, 2019 3,000,000 2,000,000 3,000,000 8,000,000 LIABILITIES A Payable Current portion of LTD More Libilities Total Cum Late 2019 1.700.000 900,000 1.400,000 $ 400 000 Accounts Recievable Inventory Total Current And 3,300,000 2,500.00 3,200,000 9.000.000 LIABILITIES Au Payable Cum portion of LTD Aconditii Total Curl Limit 2,000,000 Long Term het LTD 9,000,000 Property Plan MO Long Tom D TO 2.000,00 Shardholder's Fairy 5.000.000 Other Aus 2,000,000 Share's any 1 Other Assets 16 16 Total Assets 17 $ 18,000,000 Total Libilities & jy 1.000.000 Total Assets $ 19,000,000 Total abilities & Equity 10 Income Statement FY 12/31 Answers in the yellow here 2019 $ 15,000,000 5.000.000 10,000,000 Revenue Cost of Goods Sold Grow Profit 24 Selling General & Admin Research and Development 22 Depreciation and Amortization Total Operating expenses 3,000,000 1.500.000 1.500.000 6,000,000 Current ratio 12/31/19 Accounts Receivable Turnover (2019) Total Asset Turnover (2019) Inventory Turnover (2019) Dette Equity 12/31/19 Revenue to Cash (2019) Day revenue in Cwh (2019) Days Inventory (2019) Return on Amets (2019) Retorn on quity (2019) Operating Profit 4,000,000 31 2 Interest Income Interest Expense 100,000 700,000 20 36 Pretax Profit Tax 2140 3 Net Income 3,400,000 714.000 2,616,000 Prob. 1. Income Stmt Prob. 2-Working Capital Prob. 3 - Ratios Ready