Find the ratio for Liquidy ratio, solvency ratio, and profitability ratio. Attached is how to do each ratio. Follow those guidelines.

Problem # 2 Assets Cash Accounts Receivable Inventory Prepaid Expenses Furniture Accumulated Depr - Furniture Total Assets Liabilities & Stockholder's Equity Accounts Payable Income tax payable Notes Payable (Long term) Bond Payable Common Stock 510 par value Additional paid in capital Retained Earnings Total Liabilities & S/E Sales Cost of Goods Sold Gross Prot Operating Expenses Operating Income Gain on sale of furniture Interest expense Income before income taxes Redard Corporation Comparative Balance Sheets June 30, 2018 and June 30 2019 2018 2019 50,000 164,800 230,000 195,200 420,000 320,000 6,000 5,000 144,000 148,000 (24,000) (42,000) 826,000 791,000 200,400 143,400 7,400 4,400 20,000 40,000 200,000 100,000 200,000 240,000 121,440 181,440 76,760 81,760 826,000 791,000 Redard Corporation Income Statement June 30, 2019 1,609,000 1,127,800 481,200 349,400 131,800 7,000 23,200 115,600 Difference 114,800 (34,800) (100,000) (1,000) 4,000 (13,000) (57,000) (3,000) 20,000 (100,000) 40,000 50,000 5,000 \fLiquidity Ratios 1. Current Ratio= Current Assets /Current Liabilities 2. Quick Ratio= Cash, Marketable Securities, Accounts Rec./ Current Liabilities 3. Accounts Receivable Turnover= Total Revenue/Average Accounts Receivable* * Average Accounts Receivable=Accounts Rec. at the Beginning and End of the year/2 4. Days to Collect = 365/Accounts Receivable Turnover 5. Inventory Turnover = Cost of Goods Sold/Average Inventory* * Average Inventory = Inventory at the Beginning and End of the year/2 6. Days on hand = 365/inventory turnover 7. Payable Turnover = Cost of Goods Sold/Average Accounts Payable* * Average Accounts Payable = Accounts Payable at the Beginning and End of the year/2 8.Days to pay = 365/payable turnover Solvency ratios 1.Debt to Equity Ratio = Total Liabilities/Total Owners' Equity 2.Number of times interest Earned = EBIT/interest Expense EBIT = Earnings before interest & taxes - easiest way to find is to take net income + interest + taxes Profitability Ratios 1.Profit Margin = Net Income/Net Revenue 2.Assets Turnover = Net Sales/Average total assets* * Average Total Assets - Total Assets at the Beginning and End of the year/2 3. Return on Assets = Net Income/Average Total Assets* * Average Total Assets - Total Assets at the Beginning and End of the year/2 4. Return on Equity = Net Income/Average Equity* * Average Equity=Owners' Equity at the Beginning and End of the year/2