has reported its auditied financial statements for the year-end 2018 in Table 1. Table 1: Auditied Balance Sheet for 2018 YE Audited Balance Sheet Items Dec 31, 2018 Cash & marketable securities 97 Accounts receivable 195 Inventories 280 Gross property, plant & equipment 1,700 Accumulated depreciation 340 Accounts payable 95 Short term debt 140 Current portion of the long term debt 46 Long term debt 697 Common stock 350 Paid in capital 460 Retained earnings For 2019, the unaudited balance sheet and income statement are presented in Tables 2 and 3, respectively. Table 2: Unauditied Balance Sheet for 2019 YE Before Audit Balance Sheet Items Dec 31, 2019 Cash & marketable securities 105 Accounts receivable 255 Inventories 310 Gross property, plant & equipment 1,860 Accumulated depreciation 370 Accounts payable 110 Short term debt 168 Current portion of the long term debt 55 Long term debt 617 Common stock 350 Paid in capital 460 Retained earnings Table 3: Unauditied Income Statement for 2019 YE Before Audit Income Statement Items Dec 31, 2019 Sales 4,700 Cost of goods sold 3,050 Operating expenditures 580 Interest expense 56 Taxes 170 Upon analyzing the unautited 2019 financials, the auditors have found that the following events have not been journalized: Cash collection of $37 of accounts receivables, Sales of $25 on accounts receivable of items with a cost of $18, Cash payment of $16 of accounts payables Note that you should solve for the retained earnings based on fundamental equation of accounting. 2Note that you should solve for the retained earnings based on fundamental equation of accounting. 3 Assume taxes have not been affected by this adjustment. Refer to SM#2 to see the journal entries for sale process. 2 has journalized the respective events, and published its audited financial statements. Based on the audited financial statements, calculate following ratios for the year 2019. Note that you should not enter percent values, e.g. if you find 25.20%, you should input 0.2520, not 25.20%. Q-1) Total asset turnover. Q-2) Working capital turnover. Q-3) Quick ratio. Q-4) Cash conversion cycle. Q-5) Debt-to-capital ratio. Q-6) Financial leverage. Q-7) Gross profit margin. Q-8) Operating profit margin. Q-9) Return on assets. Q-10) Return on equity. has reported its auditied financial statements for the year-end 2018 in Table 1. Table 1: Auditied Balance Sheet for 2018 YE Audited Balance Sheet Items Dec 31, 2018 Cash & marketable securities 97 Accounts receivable 195 Inventories 280 Gross property, plant & equipment 1,700 Accumulated depreciation 340 Accounts payable 95 Short term debt 140 Current portion of the long term debt 46 Long term debt 697 Common stock 350 Paid in capital 460 Retained earnings For 2019, the unaudited balance sheet and income statement are presented in Tables 2 and 3, respectively. Table 2: Unauditied Balance Sheet for 2019 YE Before Audit Balance Sheet Items Dec 31, 2019 Cash & marketable securities 105 Accounts receivable 255 Inventories 310 Gross property, plant & equipment 1,860 Accumulated depreciation 370 Accounts payable 110 Short term debt 168 Current portion of the long term debt 55 Long term debt 617 Common stock 350 Paid in capital 460 Retained earnings Table 3: Unauditied Income Statement for 2019 YE Before Audit Income Statement Items Dec 31, 2019 Sales 4,700 Cost of goods sold 3,050 Operating expenditures 580 Interest expense 56 Taxes 170 Upon analyzing the unautited 2019 financials, the auditors have found that the following events have not been journalized: Cash collection of $37 of accounts receivables, Sales of $25 on accounts receivable of items with a cost of $18, Cash payment of $16 of accounts payables Note that you should solve for the retained earnings based on fundamental equation of accounting. 2Note that you should solve for the retained earnings based on fundamental equation of accounting. 3 Assume taxes have not been affected by this adjustment. Refer to SM#2 to see the journal entries for sale process. 2 has journalized the respective events, and published its audited financial statements. Based on the audited financial statements, calculate following ratios for the year 2019. Note that you should not enter percent values, e.g. if you find 25.20%, you should input 0.2520, not 25.20%. Q-1) Total asset turnover. Q-2) Working capital turnover. Q-3) Quick ratio. Q-4) Cash conversion cycle. Q-5) Debt-to-capital ratio. Q-6) Financial leverage. Q-7) Gross profit margin. Q-8) Operating profit margin. Q-9) Return on assets. Q-10) Return on equity