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Please answer with solution thank you!! Please don't mind the gap. Thank you! Mermed Corporation Statement of Profit or Loss For the Year Ending December
Please answer with solution thank you!!
Please don't mind the gap. Thank you!
Mermed Corporation Statement of Profit or Loss For the Year Ending December 31, 2020 Net Sales Cost of Sales Gross Profit Operating Expenses Operating Income Interest Expense Income before taxes Taxes Net Income P67,568,910 40,541,346 27,027,564 10,500,659 16,526,905 300,000 16,226,905 4,868,072 P11,358,834 Mermed Corporation Statement of Financial Position As of December 31, 2020 Assets Current Assets Cash Trade Receivable Inventories Other Current Assets Total Current Assets P2,702,756 4,054,135 4,729,824 2,027,067 P13,513,782 Noncurrent Assets Property, Plant and Equipment, Net Other Noncurrent Assets Total Noncurrent Assets Total Assets 18,919,295 835,689 P19,754,984 P33,268,766 Liabilities and Equity Current Liabilities Trade Payables Income Tax Payable Current Portion og Long-term Debt Other Current Liabilities Total Current Liabilities 6,283,909 1,612,402 3,567,891 142,782 P11,606,983 Noncurrent Liabilities Long-term Debt, Net of Current Portion Total Liabilities 3,500,000 P15,106,983 Shareholders Equity Capital Stock (Common Stocks) Retained Earnings Total Shareholders Equity Total Liabilities and Shareholders Equity 8,000,000 10,161,783 P18,161,783 P33,268,766 Using the information above, determine the following ratios for Mermed Corporation. Please provide your solution for every item. Return on Equity Return on Assets Operating Profit Margin Average Collection Period Days' Payable Operating Cycle Cash Conversion Cycle Current Ratio Debt to Equity Ratio Interest Coverage RatioStep by Step Solution
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