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Coronado Corporation's comparative balance sheets are presented below. CORONADO CORPORATION Balance Sheets December 31 2020 2019 Cash $11,160 $3,700 Accounts receivable 14,580 25,800 Inventory
Coronado Corporation's comparative balance sheets are presented below. CORONADO CORPORATION Balance Sheets December 31 2020 2019 Cash $11,160 $3,700 Accounts receivable 14,580 25,800 Inventory 10,080 8,500 Land 28,900 27,700 Building 78,900 78,900 Accumulated depreciation (14,400) (13,100) Total $129,220 $131,500 Accounts payable $18,000 $30,200 Common stock ($5 par) 65,000 65,000 Retained earnings 46,220 36,300 Total $129,220 $131,500 Coronado's 2020 income statement included net sales of $100,950, cost of goods sold of $65,030, and net income of $20,190. Compute the following ratios for 2020. (Round Current ratio, Accounts receivable turnover, Inventory turnover, Asset turnover and Earnings per share to 2 decimal places, e.g. 15.25 or 15.25%. Round Debt to assets ratio to 1 decimal place, e.g. 15.2%. Round other answers to O decimal places, e.g. 15 or 15%.) (a) Current ratio (b1) Accounts receivable turnover (b2) Average collection period (c1) Inventory turnover (c2) Days in inventory (d) Profit margin (e) Asset turnover (f) Return on assets (g) Return on common stockholders' equity (h) Earnings per share (i) Payout ratio (i) Debt to assets ratio +A $ days days % do % do % do % do % do
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