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please round properly and do the proper calculation. if the answer is right Ill make sure to thumbs up and if it's wrong then... please
please round properly and do the proper calculation. if the answer is right Ill make sure to thumbs up and if it's wrong then...
please also dont use hand writing.
(Ratio analysis over time) The following information comes from the accounting records of Hercep Ltd. for the first three years of its existence: 2018 2019 2020 Statement of Financial Position Assets Cash Accounts receivable Inventory Capital assets (net) Other assets $23,500 67,400 115,000 422,000 230,000 $857,900 $19,600 50,000 137,000 452,000 209,000 $867,600 $25,500 145,000 238,000 492,000 267,000 $1,167,500 Liabilities and equity Accounts payable Long-term debt Common shares Retained earnings $105,000 196,000 510,000 46,900 $857,900 $52,500 246,000 510,000 59,100 $867,600 $105,000 492.000 510,000 60,500 $1,167,500 Statement of Earnings Sales Cost of goods sold Other expenses $690,000 (448,500) (166,000) 75,500 (22,650) $52,850 $780,000 (526,500) (238,000) 15,500 (4.650) $10,850 $910,000 (637.000) (236,000) 37,000 (11,100) $25.900 Income tax Net income Based on above information, analyze the changes in the company's profitability and liquidity, in addition to the management of accounts receivable and inventory from 2018 to 2020. (Round answers to 1 decimal place, eg. 13.5% or 13.5.) 2018 2019 2020 Sales % % % Cost of goods sold % % % Gross margin % % Other expenses % % % % % % Income taxes Net income % % % 2018 2019 2020 Current Ratio :1 :1 Quick Ratio : 1 :1 A/R Turnover times times days days Average Collection Period Inventory Turnover times times Days to Sell Inventory days days e Textbook and Media Based on the above information, analyze the company's use of leverage from 2018 to 2020. (Round answers to 1 decimal place, eg. 15.1%) 2018 2019 2020 % Debt to Equity Return on Assets Return on Equity % % % % % % %Step by Step Solution
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