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Given the financial information for Megan Avenue Corporation as follow:- Income Statement for the year ended 31 December 2020 Sales 45,998 Cost of Good Sold

Given the financial information for Megan Avenue Corporation as follow:-

Income Statement for the year ended 31 December 2020

Sales

45,998

Cost of Good Sold

(17,889)

Gross Profit

28,109

Operating expenses

Selling , general and administrative expenses

(16,426)

Depreciation expenses

(1,976)

(18,402)

Operating Income

9,707

Interest expenses

(483)

Profit before tax

9,224

Income tax expenses

(2,126)

Profit after Tax

7,098

Balance Sheet as at 31 December 2020

Cash

21,675

Account receivable

4,466

Inventory

3,100

Other current assets

3,745

Total Current assets

32,986

Gross Plant and Equipment

26,674

Accumulated depreciation

(12,041)

Net plant and Equipment

14,633

Long term investment

13,625

Goodwill, Trademark & Other intangible assets

30,779

Total Assets

92,023

Accounts payable

9,634

Short-term notes payable

22,740

Total Current liabilities

32,374

Long term debt

29,329

Total Liabilities

61,703

Common stock (par value)

1,760

Paid-in capital

13,154

Retained earnigs

63,408

Treasury stock

(48,002)

Total stockholder equity

30,320

Total Liabilities and Equity

92,023

Required

Calculate the ratio

  1. Gross profit margin
  2. Profit margin
  3. Current ration
  4. Acid test ratio
  5. Day in receivables
  6. Account receivable turnover
  7. Day in inventory
  8. Inventory turnover
  9. Return on investment
  10. Return on equity

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