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Given below are selected data from the comparative income statement and balance sheet for Titanic Corporation for the years ended December 31, 2021 and 2020:

Given below are selected data from the comparative income statement and balance sheet for Titanic Corporation for the years ended December 31, 2021 and 2020:

2021 (RM)

2020 (RM)

Net sales (all on credit)

Cost of goods sold

Gross profit

Income from operations

Interest expense

Net income

Cash

Accounts receivable, net

Inventory

Prepaid expenses

Total current assets

Total long-term assets

Total current liabilities

Total long-term liabilities

Common stock, no par

Retained earnings

96,000

51,300

44,700

16,300

3,000

9,800

2,700

10,700

25,000

1,000

39,400

50,000

39,000

15,000

*10,000

25,400

93,000

52,500

40,500

15,000

3,500

9,000

3,500

12,500

30,000

900

46,900

67,000

49,500

25,000

10,000

29,400

*NOTE: 1,000 shares of common stock have been issued and outstanding since the company started operations. During the entire fiscal year ended December 31, 20X8, the stock was selling for $45 per share.

1. Calculate the following ratios at December 31, 2021. Show your calculations): [40 marks]

g) inventory turnover

h) days sales in receivables

i) debt ratio

j) book value per share of common stock

k) price/earnings ratio

l) times-interest-earned ratio

(pls answer ASAP i will give the like to your answer,thanks)

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