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I need h, i, j, k answered please. Cullumber Corporation's comparative balance sheet is presented below. CULLUMBER CORPORATION Balance Sheet December 31 2021 2020 Cash
I need h, i, j, k answered please.
Cullumber Corporation's comparative balance sheet is presented below. CULLUMBER CORPORATION Balance Sheet December 31 2021 2020 Cash $4,900 $3,700 Accounts receivable 20.400 24,200 Inventory 8.800 6.800 Land 18,500 24.500 Buildings 70,000 70,000 Accumulated depreciation-buildings (16,000) (11,000) Total $106.600 $118.200 Accounts payable $12,320 $32.100 Common shares 75.000 69,000 Retained earnings 19,280 17,100 Total $106,600 $118.200 Cullumber's 2021 income statement included net sales of $190,000. cost of goods sold of $140,000, and profit of $20,000. Calculate the following ratios for 2021. (Round Collection period and Days sales in inventory to O decimal places eg. 52 and all other answers to 1 decimal place, eg. 52.7 or 52.7%. Use 365 days for calculation.) 2021 Current ratio 2.8 (b) 2.1 c) 8.5 times (d) 43 days 17.9 times (f) Acid-test ratio Receivables turnover Collection period Inventory turnover Days sales in inventory Profit margin Asset turnover Return on assets Return on equity 20 days 10.5 96 times (i) 96 0) % (k) Debt to total assets 9Step by Step Solution
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