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Given the following Information on ABC Corp, calculate the ratios below ABC Corp. Year end statements Balance Sheet 1 2 / 3 1 / 2

Given the following Information on ABC Corp, calculate the ratios below
ABC Corp. Year end statements Balance Sheet 12/31/23 Balance Sheet 12/31/22
ASSETS 2023 LIABILITIES 2023 ASSETS 2022 LIABILITIES 2022
Cash $3,500,000 Accounts Payable 1,600,000 Cash 4,100,000 Accounts Payable 2,000,000
Accounts Recievable 2,000,000 Current portion of LTD 900,000 Accounts Recievable 2,500,000 Current portion of LTD 1,000,000
Inventory 3,500,000 Accrued Liabilities 1,000,000 Inventory 3,200,000 Accrued Liabilities 800,000
Total Current Assets 9,000,000 Total Current Liabilities $3,500,000 Total Current Assets 9,800,000 Total Current Liabilities 3,800,000
Property Plant & Equipment, net 8,000,000 Long Term Debt (LTD)9,000,000 Property Plant & Equipment, net 7,000,000 Long Term Debt (LTD)9,000,000
Other Assets 2,000,000 Shareholder's Equity 6,500,000 Other Assets 2,000,000 Shareholder's Equity 6,000,000
Total Assets $19,000,000 Total Liabilities & Equity 19,000,000 Total Assets $18,800,000 Total Liabilities & Equity $18,800,000
Income Statement FY 12/31
2023 Answers go in the yellow boxes. Please record answers to 2 decimal places.
Revenue $16,000,000 Do Not enter anything in the columns below this row
Cost of Goods Sold 7,000,000 Current ratio 12/31/232
Gross Profit 9,000,000 Accounts Receivable Turnover (2023)2
Total Asset Turnover (2023)2
Selling General & Admin 3,680,000 Inventory Turnover (2023)2
Research and Development 1,500,000 Debt to Equity 12/31/232
Depreciation and Amortization 1,000,000 Cash Turnover (2023)2
Total Operating expenses 6,180,000 Days revenue in Cash (2023)2
Days Inventory (2023)2
Operating Profit 2,820,000 Return on Assets (2023)2
Return on Equity (2023)2
Interest Income 100,000
Interest Expense 700,00020
Pre tax Profit 2,220,000
Tax (@21%)466,200
Net income $1,753,800\

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