For these accounts follow complete the following ratios

1. Working capital
2. Current Ratio
3. Net profit margin
4. Gross profit margin
5. Acid/Quick ratio
6. Average days to pay creditors
7. Average days to pay debtors
8. Stock/Inventory turnover
9. Debt / equity ratio

ABC Income statement for the years 2020 Net Sales 100,000 Cost of Goods Sold 50,000 Gross profit 50,000 2021 ABC balance sheet as at year ending 2020 40,000 2021 120,000 60,000 Fixed Assets Equipment 50,000 60,000 Current Assets Cash Debtors Clsoing Stock Short term investments 90,000 20,000 35,000 15,000 110,000 30,000 40,000 20,000 160,000 200,000 Expenses Rent Depreciation Salaries Other Total Expenses 5,000 2,500 3,000 1,500 5,500 3,600 5,400 2,500 60,000 10,000 75,000 25,000 70,000 100,000 Current Liabilitie Creditors Unearned revenue Working capital Total net assets 12,000 17,000 90,000 130,000 100,000 150,000 Operating Income 38,000 43,000 Financed by 75,000 48,000 80,000 57,000 Income Tax Capital Ending Retained Earnings Long term debt 5,000 6,000 123,000 7,000 137,000 13,000 Net Income (profit) 33,000 37,000 130,000 150,000