MEGAFRAME COMPUTER COMPANY Balance Sheet As at December 31, 20X5 ASSETS Cash $40,000 Accounts receivable 60,000 Inventory 90,000 New plant and equipment 220,000 Total Assets $410,000 LIABILITIES AND SHAREHOLDERS EQUITY Accounts payable $60,000 Accrued expenses 40,000 Long-term debt 130,000 Common stock 80,000 Retained earnings 100,000 Total Liabilities and Shareholders Equity $410,000 MEGAFRAME COMPUTER COMPANY Income Statement For the year ended December 31, 20X5 Sales (all on credit) $700,000 Cost of goods sold 400,000 Gross profit 300,000 Selling and administrative expense 100,000 Operating profit 200,000 Interest expense 40,000 Net income before taxes 160,000 Taxes (50%) 80,000 Net income 80,000 Looking at the given information, match the question to the answer. (There will be more answers than needed, choose the correct one).

Column A 1. return on assets (investment) is approximately:: 2. average collection period is: (Use 365 days in a year.): 3. Times interest earned: 4. quick ratio: 5. current ratio: 6. debt to asset ratio: 7. total asset turnover: 8. return on equity: 9. receivable turnover: Column B a. 50.05%. b. 11.67x. c. 1 : 1 d. 1.9 : 1 e. 3 : 1 f. 20%. g. 1.71x. h. 3.18x. i. 25%. j. 90.62% k. 0.86 : 1 l. 56.1%. m. 4x. n. 44.44%. o. 20 days. p. 80.49%. q. 10x. r. 5x. s. 31 days. t. 29%. u. 1.6 : 1 v. 25 days.