need help with part a, pls provide formula and workings if possible. thanks
Condensed statements of financial position and statement of income data for Runner Corporation follow: RUNNER CORPORATION Statement of Financial Position December 31 2021 2020 2019 Assets Current assets $19,800 44,600 84,600 $18,200 47,600 $25,100 55,100 99,700 179,900 53,400 Cash Accounts receivable (net) Inventory Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Shareholders' Equity Liabilities 64,500 130,300 44,100 149,000 72,300 370, 100 $591,400 257,000 498,700 $732,000 $431,400 79,200 $29,800 Current liabilities Non-current liabilities $84,800 155,200 84,700 20,000 240,000 163,900 49,800 Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 328,200 163,800 298,300 83,300 302,700 124,800 427,500 $591,400 492,000 381,600 $732,000 $431,400 RUNNER CORPORATION Statement of Income Year Ended December 31 2021 2020 Sales 695,700 450,200 446,400 297,000 149,400 83,200 245,500 149,800 95,700 Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income tax Income tax expense Net income 66,200 4,310 9,900 85,800 61,890 12,378 17,160 $68,640 $49,512 Additional information: 1. 2. The allowance for doubtful accounts was $4,900 in 2019, $4,500 in 2020, and $5,100 in 2021. All sales were credit sales. Net cash provided by operating activities was $119,100 in 2020 and $101,800 in 2021. Net capital expenditures were $149,400 for 2020 and $179,900 for 2021. 3. 4. (a) Calculate the following ratios for 2020 and 2021: (Round answers to 1 decimal place, e.g. 5.2:1 or 5.2% or 5.2. Enter negative answers preceeding either - sign, e.g. -45 or in parentheses, eg. (45).) 2021 2020 1. Current ratio : 1 :1 2. Receivables turnover times times 3. Inventory turnover times times 4. Debt to total assets % % 5. Times interest earned times times $ $ 6. Free cash flow 7. Gross profit margin % % 8. Profit margin % % 9. Asset turnover times times 10. Return on assets % % e Textbook and Media Save for Later Attempts: unlimited Submit