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GHI Ltd. provides the following financial details for the year ending 31-12-2021: Balance Sheet: Cash: $2,70,000 Accounts Receivable: $5,80,000 Inventory: $8,40,000 Prepaid Expenses: $50,000 Short-term


GHI Ltd. provides the following financial details for the year ending 31-12-2021:

Balance Sheet:

Cash: $2,70,000

Accounts Receivable: $5,80,000

Inventory: $8,40,000

Prepaid Expenses: $50,000

Short-term Investments: $4,70,000

Liabilities and Equity:

Accounts Payable: $6,10,000

Short-term Loans: $3,10,000

Long-term Debt: $8,40,000

Common Stock: $12,70,000

Retained Earnings: $7,40,000

Income Statement for the year ending 31-12-2021:

Sales: $66,00,000

Cost of Goods Sold: $39,00,000

Operating Expenses: $11,00,000

Interest Expense: $2,40,000

Tax Rate: 30%

Requirements:

Calculate the current ratio.

Calculate the debt to equity ratio.

Calculate the return on assets.

Calculate the net profit margin.

Calculate the inventory turnover ratio.

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