HRTM 310 Chapter 6 Ratio Analysis: Homework (20 points) Deadline: October 3 Tuesday at 1:30 pm Show all calculation process. You will earn NO point ifyou show only answers. 1. (8 points) Some of the Sunny Resort's financial statements from 20X4 and 20X5 are as follows. Compute the following ratios for the Sunny Resort. 1) Current ratio for 20X4 and 20X5 2) Acid-test ratio for 20X4 and 20X5 3) Accounts receivable turnover & Average accounts receivable collection period for 20X5 4) Return on assets for 20X5 5) Return on owners' equity for 20X5 6) Average tax rate for 20X5 7) Solvency ratio for 20X4 and 20X5 8) Profit margin for 20X5 Sunny Resort Balance Sheets December31, 20X4 and 20X5 Current Assets: 20X4 S25,000 30,000 80,000 25,000 15,000 175,000 20x5 S65,000 35,000 115,000 30,000 5,000 250,000 Marketable Securities Accounts Receivable Prepaid Expenses Total Current Assets Property and Equipment: 450,000 2,000,000 500,000 450,000 2,000,000 610,000 Net Property and Equipment Other Assets-Franchise Fees Total Assets 1,760,000 80,000 S2,090,000 1,950,000 Current Liabilities: Accounts Payable Current Maturities of Long-Term Debt Wages Payable Dividends Payable S35,000 50,000 15,000 25,000 125,000 850,000 S45,000 60,000 15,000 20,000 140,000 600,000 Total Current Liabilities Long-Term Debt Owner's Equity: Common Stock Retained Earnings Less: Treasury Stock 1,145,000 100,000 1,275,000 225,000 350,000 Total Owners' Equity Total Liabilities and Owners' Equity