End-of-Year Balance Sheets

2022 2021 2020

Cash 30 20 30

Accounts receivable 280 395 430

Inventory 400 510 640

Current assets 710 925 1100

Gross fixed assets 1000 1000 1650

Accumulated depreciation 260 220 280

Net fixed assets 740 780 1370

Total assets 1450 1705 2470

Accounts payable 198 300 375

Accruals 100 260 315

Notes payable 100 150 280

Current liabilities 398 710 970

Long-term debt (bonds) 400 500 750

Preferred stock 0 0 0

Common stock 25 25 125

Paid-in capital 75 75 175

Retained earnings 552 395 450

Total liab & equity 1450 1705 2470

NSU Unlimited, Inc.

Income Statements

2022 2021 2020

Sales 4000 4800 5800

Operating expenses 3640 4520 5560

Depreciation expense 40 40 60

EBIT 320 240 180

Interest expense 40 50 70

EBT 280 190 110

Taxes (40%) 112 76 44

NI 168 114 66

Total cash dividends 11 19 11

Shown above are comparative financial statements for NSU Unlimited. Based on these statements, answer the following:

A. What is the current ratio for 2022? What is the current ratio for 2021?

B. What is the quick (acid test) ratio for 2022? What is the quick ratio for 2021?

C. What is the company's net profit margin for 2022? What is the net profit margin for 2021?

D. What is the total asset turnover for 2022? What is the total asset turnover for 2021?

E. What is the company's debt ratio for 2022? What is the debt ratio for 2021?