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49-UUZ EXAM Sated 1264 ST + Add Page insort Toon Table Taxt Chart Media Shane Comment Cal PART 2 - RATIO ANALYSIS This part of the exam includes calculation problems and is open book and open notes. You do not need to show your work. The maximum you can earn on Part 2 of this Exam is 29 points. GOOD LUCK! Using the balance sheet and the income statement below for the ACME Corporation, calculate the 10 ratios (to two decimal places) shown on the table following the financial statements. Please put your final answers into the table. Each ratio is worth 2 point ACME CORP. - BALANCE SHEET 12/31/19 ASSETS Current Assets Cash Accounts Receivable Inventory Total Current Assets S100.000 S150,000 $250,000 $500,000 Fixed Assets Land Machinery Equipment Les secumulated depreciation Total Fixed Assets $280,000 S140,000 $200,000 (520,000) $600,000 LIABILITIES Current Liabilities Accounts Payable Notes Payable Accrued Salarios Payable Total Current Liabilities $200,000 $ 70,000 $ 20,000 $290,000 Long-term Liabilities Long-tem Debt Total Long-term Liabilities $300,000 5500,000 TOTAL LIABILITIES AND OWNER'S EQUITY $1,100,000 720 5,603 29 Arrange View Share Window Help 9499-002 EXAM2 Edited View 125% Zoom + Add Page Insert Table Chart Text Shape Media Comment TOTAL LIABILITIES AND OWNER'S EQUITY $1,100,000 3 ACME CORP. - INCOME STATEMENT YEAR ENDED 12/31/19 Revenues Cash Revenues Credit Revenues Total Revenues $1,000,000 $2,500,000 $3,500,000 Cost of Goods Sold $1,600,000 $1,900,000 Gross Profit Operating and General Expenses Rent Advertising Salaries Travel Utilities Taxes Total Expenses $ 100,000 $ 150,000 $ 500,000 $ 250,000 $ 100,000 S 700,000 $1,800,000 Net Income $ 100,000 arrange View Share Window Help sul Chart 9499-002 EXAM2 - Edited T Text Shape Media Comment Insert Table Collab Zoom Add Page Operating and General pensi Rent Advertising Salaries Travel Utilities Taxes Total Expenses Net Income $ 100,000 $ 150,000 $ 500,000 $ 250,000 $ 100,000 $ 700,000 $1.800.000 $ 100,000 Put your final answers on the following table, INDUSTRY MEDIAN ACME N/A 1.55 1.0 RATIO Liquidity Ratios Working Capital Current Ratio Acid Test/Quick Ratio Activity Ratios Average Collection Period Inventory Tumover Large Rates Debe Ratio Debe to Equity Ratio Profitability Ratios Gross Margin Net Margin (ROR) 14 days 85 times year 0.5 2.0 65% 10% 20% Return on Investment ANALYSIS AND RECOMMENDATIONS (Type your responses under each question) A 5,803 29 WO