HAMROCK COMPANY BALANCE SHEET
		Dec. 31, 2020			Dec. 31, 2019
Cash		$ 52,200			$ 60,400
Accounts receivable (net)		199,400			80,500
Short-term investments		80,500			40,400
Inventory		439,000			360,400
Prepaid expenses		3,000			7,000
Total current assets		$ 774,100			$ 548,700
Property, plant, and equipment (net)		852,200			847,000
Total assets		$1,626,300			$1,395,700
Current liabilities		232,300			164,100
Bonds payable		399,700			399,700
Common stockholders equity		994,300			831,900
Total liabilities and stockholders equity		$1,626,300			$1,395,700

(a) Determine the following for 2020. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)

INCOME STATEMENT FOR THE YEAR ENDED 2020
Sales		$1,652,600
Cost of goods sold		(795,200	)
Gross profit		857,400
Selling and administrative expenses		(441,200	)
Interest expense		(39,700	)
Net income		$ 376,500

(a) Determine the following for 2020. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)

(1)		Current ratio at December 31			times
(2)		Acid-test ratio at December 31			times
(3)		Accounts receivable turnover			times
(4)		Inventory turnover			times
(5)		Return on assets			%
(6)		Profit margin on sales			%