Question
PQR Ltd. provides the following details for the year ending 31-03-2021: Balance Sheet: Cash: $2,80,000 Accounts Receivable: $5,40,000 Inventory: $8,10,000 Prepaid Expenses: $45,000 Short-term Investments:
PQR Ltd. provides the following details for the year ending 31-03-2021:
Balance Sheet:
Cash: $2,80,000
Accounts Receivable: $5,40,000
Inventory: $8,10,000
Prepaid Expenses: $45,000
Short-term Investments: $4,30,000
Liabilities and Equity:
Accounts Payable: $5,70,000
Short-term Loans: $2,90,000
Long-term Debt: $8,00,000
Common Stock: $12,00,000
Retained Earnings: $7,10,000
Income Statement for the year ending 31-03-2021:
Sales: $62,00,000
Cost of Goods Sold: $36,00,000
Operating Expenses: $10,00,000
Interest Expense: $2,20,000
Tax Rate: 30%
Requirements:
Calculate the current ratio.
Calculate the debt to equity ratio.
Calculate the return on assets.
Calculate the net profit margin.
Calculate the inventory turnover ratio.
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