Name Class: MW December 31, 2019 $250 2,200 1,350 3,800 5,300 9,100 December 31, 2020 $170 2,250 1.40 3,900 5,700 9,600 1,600 700 500 2.800 3,600 2.700 59.100 1,700 800 600 3,100 1.550 2,950 $9,600 Fundamentals of Business Finance Assignment 1 Fall 2021 ABC, inc. (Sin 000) Balance Sheet: December 31, 2018 Cash 5550 Acct/Red 2,000 Inventories 1,050 Current assets 3.600 Net fixed assets 4,700 Total assets 8,300 Acts Pay 1,500 Accrued expenses 600 Short-term N/P 300 Current liabilities - 2.400 Long-term debt 3,400 Owner's equity 2,500 Total liabilities and owners equity 58,300 Income Statement Net sales $8,000 COGS 3,300 Gross profit 4,700 Operating expenses 1,100 Net operating income 1,600 Interest expense 367 EBT 1,233 Income taxes 533 Net income 5700 Calculate the following ratios and show your work calculation answer Current ratio BR200 THASOL Debt ratione 1963 Times interest earned 1.LOOZBUTE Lucy Average collection period 365 2.000 78.000/366) OS Imentary move 5300 100 Fixed asset tover TETO Total asset turnover SOLO DO 09 Operating profit margin- HROO 01 Operating return on assets 1.600 1.200 0.1927 Return on equity 0.2 Quick ratio W-1012100D S8,500 3.900 -1.600 3,300 1,300 380 SH,150 3.225 4,425 3.250 1.173 405 770 226 5544 920 265 calculation answer calculation answer 1.70