NOP Transportation

Financial Data for 2023 (in $000):

Item	Amount
Cash	25,000
Accounts Receivable	45,000
Inventory	20,000
Prepaid Expenses	5,000
Total Current Assets	95,000
Property, Plant & Equipment	205,000
Total Assets	300,000
Accounts Payable	35,000
Short-term Debt	20,000
Other Current Liabilities	10,000
Total Current Liabilities	65,000
Long-term Debt	90,000
Equity	145,000
Total Liabilities and Equity	300,000

Income Statement for 2023 (in $000):

Item	Amount
Sales	600,000
Cost of Goods Sold	380,000
Gross Profit	220,000
Operating Expenses	100,000
Interest Expense	25,000
Net Income Before Taxes	95,000
Taxes	19,000
Net Income	76,000

Requirements:

1. Calculate the Current Ratio and Quick Ratio.
2. Compute the Debt-Equity Ratio.
3. Determine the Gross Profit Margin and Net Profit Margin.
4. Calculate the Asset Turnover Ratio and Inventory Turnover Ratio.
5. Explain the significance of turnover ratios in asset management.