eFor the most current year, to two decimal places: Calculate the current ratio Data Set Assets Cash North Corporation Balance Sheet as at December 31 2019 Accounts Receivable * Inventories Current Assets Plant and Equipment Less Accumulated Amortization Net Plant and Equipment Total Assets ** $220,000 240,000 300,000 760,000 1,300,000 450,000 850,000 $1,610,000 2020 $260,0 425,0 285,0 970,0 1,600,0 590,0 1,010,0 $1,980,0

North Corporation Income Statement For the Year Ended December 31, 2020 Sales Cost of Goods Sold Gross Profit Selling, General \& Administrative Expenses Gain on Disposition of Capital Asset Depreciation Operating Profit Interest Expense Earnings Before Taxes Income Taxes Net Income \begin{tabular}{r} $5,500,0 \\ 4,200,0 \\ \hline 1,300,0 \\ 510,0 \\ (10,06 \\ 150,0 \\ \hline 650,0 \\ 90,0 \\ \hline 560,0 \\ 224,0 \\ \hline$336,0 \\ \hline \end{tabular} For the most current year, to two decimal places: Calculate the current ratio 1.88 1.33 1.69 3.84 Question 13 ( 2 points) Calculate the quick ratio 1.88 1.33 1.44 3.29 Calculate the return on assets 32.83% 35.23% 18.21% 16.97% Question 21 ( 2 points) Calculate the return on equity 41.74% 80.75% 51.49% 112.00% Questions For the most current year, to two decimal places: Calculate the current ratio Data Set North Corporation Balance Sheet as at December 31 LIABILITIES AND SHAREHOLDER'S EQUITY There are 200,000 shares outstanding as at December 31, 2020. On June 30, 2020 , the firm issued 50,000 shares. Calculate inventory Tumover 19.30 times 12.26 times 14.74 times 10.50 times Question 15 (2 points) Calculate the Days in Receivables 44.13 Days 28.20 Days 30.96 Days 22.07 Days Question 16 (2 points) Calculate the Times Interest Earned ratio 6.22 times 7.22 times 4.73 times 3.73 times Calculate the Debt-to-Equity Ratio 1.46 0.82 2.20 3.92 Question 18 (2 points) Calculate the return on sales 23.64\% 10.18% 11.82% 15.48% Question 19 (2 points) Calculate the gross profit margin 11.82% 7.75% 23.64% 6.11%