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Inventones Current assets Property, plant and equipment, net Other assets Total assets Accounts payable Accrued expenses Current liabilities Long-term debt Total liabilities Common stock Retained
Inventones Current assets Property, plant and equipment, net Other assets Total assets Accounts payable Accrued expenses Current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity 28,200 24,375 1,600 54,175 2) Profit Margin Ratio = Net Income + Net Sales 5,400 6,082 11,482 9,650 21,132 9,500 23,543 33,043 $54,175 3) Asset Turnover Ratio = Net Sales Average Total Assets 24,600 23,825 1,486 49,911 4) Current Ratio = Current Assets + Current Liabilities 4,850 4,280 Total liabilities and stockholders' equity $49,911 Given the balance sheet and income statement provided, calculate the following ratios for 2021: Round final answers to 2 decimal places 1) Return on Asset Ratio = Net Income + Average Total Assets 9,130 10,758 19,888 8,750 21,273 30,023 5) Acid-test Ratio = (Cash + Current Investments + Accounts Receivables) + Current Liabilities
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