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Presented below is information related to Bonita Inc. BONITA INC. Balance Sheet December 31, 2025 Cash $44,700 Notes payable (short-term) $50,300 Receivables $110,800 Accounts
Presented below is information related to Bonita Inc. BONITA INC. Balance Sheet December 31, 2025 Cash $44,700 Notes payable (short-term) $50,300 Receivables $110,800 Accounts payable 32,100 Less: Allowance 15.200 95,600 Accrued liabilities 5,100 Inventory 170,300 Common stock (par $5) 259,200 Prepaid insurance 7,900 Retained earnings 141,800 Land 19,900 Equipment (net) 150,100 $488,500 $488,500 BONITA INC. Income Statement For the Year Ended December 31, 2025 Sales revenue $1,395,760 Cost of goods sold Inventory, Jan. 1, 2025 $201,700 Purchases 783,280 Cost of goods available for sale 984,980 Inventory, Dec. 31, 2025 (170,300) Cost of goods sold 814,680 Gross profit on sales Operating expenses Net income 581,080 170,700 $410,380 (a) Compute the following ratios or relationships of Bonita Inc. Assume that the ending account balances are representative unless the information provided indicates differently. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (1) Current ratio (2) Inventory turnover (3) Accounts receivable turnover (4) Earnings per share (5) Profit margin on sales (6) Return on assets on December 31, 2025 $ times times times % %
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