Morris Technologies Income Statement For the Year Ended December 31, 2020 Sales (all on credit) Cost of goods sold Gross margin General and admin expenses Selling expenses Depreciation expense Earnings before interest and taxes Interest expense Earnings before taxes Tax expense Earnings after taxes $ 74,000,000 29.600.000 44,400,000 14,600,000 8,450,000 4.950,000 16,400,000 4,200.000 12,200,000 3.050.000 $ 9,150,000 Gmail YouTube Twitter B Viki 01 moodle Morris Technologies Balance Sheet December 31, 2020 $ Assets Cash Accounts receivable (net) Inventory Total current assets Property, plant and equipment (net) Total assets 680,000 6,210,000 12.600.000 19,490,000 49.700.000 $ 69,190,000 $ Liabilities and Shareholders' Equity Accounts payable Taxes payable Current portion of long term debt Total current liabilities Long term debt Total liabilities Shareholders' equity Preferred Stock (Note 1) Common Stock (Note 2) Retained earings Total shareholder's equity Total liabilities and shareholders' equity 3,230,000 680,000 2 250 000 6,160.000 16.900.000 23,060,000 3,000,000 15,000,000 28 130 000 46.130.000 69 190,000 $ EFIR G Aaa # B 12:42 2/25 "oBook Note 1: $2.00 non-cumulative preferred shares, 100,000 shares outstanding Note 2: 1,200,000 common shares outstanding Required: 1) Given the above financial statements, calculate the following ratios (2 marks each): a) Profit Margin b) Return on Equity c) Receivables Turnover d) Inventory Turnover e) Total Asset Turnover f) Quick Ratio 9) Total Liabilities to Total Assets h) Times Interest Earned 2) The company paid a total of $3,200,000 in dividends in the 2020. Calculate the dividend per common share in 2020 (2 marks) 3) Calculate the company's earnings per share in 2020 (2 marks) 4) Assuming the common shares were trading at a price-earnings ratio of 15 X on December 31, 2020, calculate the market price per common share (1 mark) 5) Calculate the book value per common share (2 marks)