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Income Statement 20202021sales3,600,0003,300,000cost of goods sold2,300,0002,250,000gross margin1,300,0001,050,000 selling and administrative expenses650,000600,000depreciation expenses90,000100,000total operating expenses740,000700,000operating income560,000350,000less: interest expenses54,00052,000taxes91,00058,000net profit415,00024,000 Calculate the 5 Financial Ratios below for

Income Statement 20202021sales3,600,0003,300,000cost of goods sold2,300,0002,250,000gross margin1,300,0001,050,000 selling and administrative expenses650,000600,000depreciation expenses90,000100,000total operating expenses740,000700,000operating income560,000350,000less: interest expenses54,00052,000taxes91,00058,000net profit415,00024,000Calculate the 5 Financial Ratios below for BOTH 2020 AND 2021. 1)Profit Margin 2020 2021 2)Current Ratio 2020 2021 3)Receivables Turnover 2020 2021 4)Inventory Turnover 2020 2021 5)Return on Assets 2020 2021

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