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PLEASE FILL ALL FROM (C)-(K) Sandhill Corporation's comparative balance sheet is presented below. SANDHILL CORPORATION Balance Sheet December 31 2021 2020 Cash $4,500 2,400 Accounts
PLEASE FILL ALL FROM (C)-(K)
Sandhill Corporation's comparative balance sheet is presented below. SANDHILL CORPORATION Balance Sheet December 31 2021 2020 Cash $4,500 2,400 Accounts receivable 8,200 Inventory Land 18,000 70,000 (15,000) $88,100 $3,300 23,700 6,200 24,000 70,000 (10,000) $117,200 Buildings Accumulated depreciation-buildings Total Accounts payable Common shares Retained earnings Total $12,310 75,000 $32,400 69,000 15,800 790 $88,100 $117,200 Sandhill's 2021 income statement included net sales of $180,000, cost of goods sold of $130,000, and profit of $19,000. Calculate the following ratios for 2021. (Round Collection period and Days sales in inventory to O decimal places e.g. 52 and all other answers to 1 decimal place, e.g. 52.7 or 52.7%. Use 365 days for calculation.) 2021 (a) Current ratio 1.22 (b) Acid-test ratio 0.56 (c) Receivables turnover 13.79 times (d) Collection period 26 days (e) Inventory turnover times (f) Days sales in inventory days Profit margin % (g) ( (1) Asset turnover times Return on assets % (j) Return on equity % (k) Debt to total assets %Step by Step Solution
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