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fast reply please The 2020 financial statements of Outdoor Waterworks Inc. follow VE $ Opicor Hatemork Inc. Income Statement For Year Ended December 31, 2020
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The 2020 financial statements of Outdoor Waterworks Inc. follow VE $ Opicor Hatemork Inc. Income Statement For Year Ended December 31, 2020 wee Sales $1,126, 000 Cost of goods sold: Inventory Dec. 31, 2019 83,360 Purchases 616, 840 Goods available for sale 700, 200 Inventory. Dec. 31, 2020 61, 440 Cost of goods sold 638,760 Gross profit from sales 487,240 Operating expenses 289,360 Operating profit 197,880 Interest expense 13,000 Profit before taxes $ 184, 880 Income taxes Profit 165, 216 m. 6518, 080 ...nia pte eaTITI TUPTT 18101 Do: ser 118.800 Retained earnings Cordon shares. 160.000 shares mortgage on plaat Long-term note pereble, secured bi Incore taxes pereble Accrued teges perable Zeccunts pereble Liabilities and Equity 08# 81.99 080 '9 09T XI 089'es edasee TBOL at quadrnba pue nueta saguadxa predaja Azoguadui a TQeAT2321 310 hau aTqeatada, saunoooy &quauqcaAUT OTba92118-uou quating use 26. 400 $ 23, 800 Assets OZOZ Te Jaquagad saaus Joueteg Outdoor Waterworks Inc. Assume all sales were on credit. Also assume the long-term note payable is due in 2023, with no current 2019, balance sheet, the assets totalled $440,720, common shares were $200,000, and retained earning Required: Calculate the following: (Use 365 days in a year. Do not round your intermediate calculations. Roundt places.) 2 80 to 1 1.64 to 1 17.40 days times a. Current ratio b. Quick ratio C Days' sales uncollected d. Inventory turnover e Days' sales in inventory Ratio of pledged plant assets to secured liabilities g Times interest earned days to 1 times a. Current ratio 2.80 to 1 b. Quick ratio 1.64 to 1 17.40 days times days to 1 c. Days' sales uncollected d. Inventory turnover e. Days' sales in inventory Ratio of pledged plant assets to secured f. liabilities g. Times interest earned h. Profit margin i. Total asset turnover j. Retum on total assets k. Return on common shareholders' equity times timesStep by Step Solution
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