Profitability and risk ratios:Instruction and required:Using the information from the given financial statements, compute the following ratios. The income tax rate is $30\%.$ Cash flow from operations totals $$3,300.*$ Rate of return on assets.$*$ Profit margin ratio $($before interest and related tax effects$).*$ Cost of goods sold to sales percentage.$*$ Selling expense to sales percentage.$*$ Total assets turnover.$*$ Accounts receivable turnover.$*$ Inventory turnover.$*$ Plant asset turnover.$*$ Rate of return on common shareholders' equity.$*$ Profit margin ratio $($after interest and preferred dividends$).*$ Leverage ratio.$*$ Current ratio $($both dates$).*$ Quick ratio $($both dates$).*$ Cash flow from operations to current liabilities ratio.$*$ Accounts payable turnover$*$ Long$-$term debt ratio $($both dates$).*$ Long$-$term debt ratio $($both dates$).*$ Debt$-$equity ratio $($both dates$).*$ Interest coverage ratio.

Profitability and risk ratios

RRM Corporation

Income and Retained Earnings Statement For the Year Ended December $31,2021$

Sales Revenue

Less Expenses

Cost of Goods Sold

Selling

Administrative

Interest

Income Taxes

Total Expenses

Net Income

Less Dividends:

Preferred

Common

Increase in Retained Earnings for Year $2$

Retained Earnings, December $31,$ Year $1$

Retained Earnings, December $31,$ Year $2$

$$30,000$

RRM Corporation

Comparative Balance Sheet

December $31,2020$ and $2021$

$\backslash$table$[[,$December $31],[,2020,2021],[$Assets$],[$Current Assets$],[$Cash$,$$$600,$$ $750],[$Accounts Receivable,$3,600,4,300],[$Merchandise Inventories,$5,600,7,900],[$Prepayments$,300,380],[$Total Current Assets,$$10,100,$$$13,330$