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Pandy Mollock Corp. Balance Sheet December 31, 2020 Assets Cash Investments Accounts Receivable, net Inventory Prepaid expenses Plant and equipment, net Total Assets 2020 33,349 56,000 120,207 10,018 1,602 548,800 769,976 2019 27,718 72,000 50,086 6,637 2018 23,267 56,000 31,304 4,830 537 705,600 821,538 2017 20,938 40,000 17,200 3,784 344 784,000 866,266 876 627,200 784,517 Liabilities and Equity Accounts Payable Accrued Wages payable Income taxes payable Long-term note payable, secured by mortgage on plant assets Common shares, 180,000 shares Retained Earnings 50,086 16,028 36,662 459,200 176,000 32,000 33,182 8,765 19,370 515,200 176,000 32,000 24,149 5,366 12,823 571,200 176,000 32,000 18,920 3,440 8,706 627,200 176,000 32,000 Required: Calculate the following ratios for 2020 and 2019, and indicate whether the trend is favorable or unfavorable: A quick ratio B. Inventory turnover ratio C. debt ratio D. return on common shareholders' equity E gross profit ratio Short Answer Toolbar navigation BIDS SE IHI 111 2 M