NHM 310 - RATIO ANALYSIS - HW/QZ: (CHP5-7) NAME: SCORE: 20X3 20X4 Cash $ 13,450 $ 15,680 $ 95,000 $ 95,000 Marketable Securities Accounts Receivable Inventories $ 22,400 $ 29,720 $ 32,000 $ 45,000 Total Current Assets: $ 162,850 $ 185,400 Equipment $ 61,850 $ 85,000 Furniture $ 58,000 $ 65,000 $ 270,000 $ 270,000 $ (45,000) $ (52,000) $ 344,850 $ 368,000 Building Less Accumulated Depreciation Total Net Fixed Assets: TOTAL ASSETS Accounts Payable Short Term Loan Accrued Expense Payable $ 507,700 $ 553,400 $ 12,400 $ 14,800 $ 40,000 $ 40,000 $ 8,500 $ 8,000 Total Current Liabilities $ 60,900 $ 62,800 $ 85,000 $ 85,000 Mortgage Long Term Loan Total Long Term Liabilities $ 60,000 $ 80,000 $ 145,000 $ 165,000 Common Stock $ 240,900 $ 262,800 $ 60,900 $ 62,800 Retained Earnings TOTAL EQUITY: TOTAL LIABILITIES & EQUITY $ 301,800 $ 325,600 $ 507,700 $ 553,400 ADDITIONAL INFORMATION 20X3 20X4 Total Revenue $ 550,000 $ 680,000 Required: Using the information above, calculate the ratios for 20X4: a. How much current assets is there to cover for every dollar of current liabilities? b. What is the company's ability to pay back its current liabilities with its quick assets? c. On average, how long does it take for the company to collect its accounts receivable during the year? d. How many times was the working capital used by the company to generate sales over the year