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Part 1. Financial Ratios Please compute the 6 ratios requested below for th be the b ratios requested below for the Wilson Company as of

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Part 1. Financial Ratios Please compute the 6 ratios requested below for th be the b ratios requested below for the Wilson Company as of and for the year ended December 31, 2019. Please refer to Illustration 5A.1 on pages 5-31 and 5-3201 summary of financial ratios and formulas, Compute each ratio to 2 decimal places using excel rounding. The 6 ratios you should compute are: Current ratio Accounts receivable turnover Inventory turnover Profit margin on sales Earnings per share Debt to assets ratio Compute the 6 ratios using the following data: Current assets $20,000,000 Current liabilities $ 8,500,000 Net sales $75,000,000 Accounts receivable beginning of year $ 4,000,000 Accounts receivable end of year $ 4,600,000 Cost of goods sold $50,000,000 Inventory beginning of year $ 5,400,000 Inventory end of year $ 6,700,000 Net income $ 3,900,000 Preferred dividends $ 225,000 Weighted average common shares outstding $ 500,000 Total liabilities $12,000,000 Total assets $45,000,000

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