Question 10 Not yet answered Marked out of 4.00 Flag question MHD Company Income Statements for the years Ended June 30 2020 $ Revenue 6,336.3 Cost of sales 1,617.4 Gross profit 4,718.9 Selling and Administrative Expenses 4,007.6 PBIT 711.3 Interest Expense 13.9 PBT 697.4 Income Tax 291.3 Net Profit 406.1 2019 $ 5790.4 1476.3 4,314.1 3679 635.1 27.1 608.0 232.6 375.4 2019 $ 611.6 664.9 MHD Company Statement of Financial Position as at June 30 Assets 2,020 Current assets s Cash and Cash equivalents 553.3 Accounts Receivable 776.6 Inventory 768.3 Other Current Assets 204.4 Total Current Assets 2,302.6 Investments 12.3 Non Current Assets 1,570.9 Total Assets 3,885.8 Liabilities and Shareholder's Equity Current liabilities 1,497.7 Long Term Liabilities 679.5 Share Capital 1,708.6 Total 3,885.8 653.5 269.2 2,199.2 12.6 1,496.3 3,708.1 1,322.0 637.1 1,749.0 3,708.1 Calculate the following ratios for 2020 using the information presented in the above statements : (Use year end values) a. Current Ratio b Inventory Turnover C. Profit Margin 204.4 2,302.6 12.3 1,570.9 3,885.8 269.2 2,199.2 12.6 1,496.3 3,708.1 Other Current Assets Total Current Assets Investments Non Current Assets Total Assets Liabilities and Shareholder's Equity Current liabilities Long Term Liabilities Share Capital Total 1,497.7 679.5 1,708.6 3,885.8 1,322.0 637.1 1,749.0 3,708.1 Calculate the following ratios for 2020 using the information presented in the above statements : (Use year end values) a. Current Ratio 2.1:1 b. > Inventory Turi 1:1 1.5:1 C. Profit Margin 1.7:1 d. Interest Cover 204.4 2,302.6 12.3 269.2 2.199.2 12.6 ent Assets Total Current Assets Investments Non Current Assets Total Assets Liabilities and Shareholder's Equity Current liabilities Long Term Liabilities Share Capital Total 1,570.9 3,885.8 1,496.3 3,708.1 1,497.7 679.5 1,708.6 3,885.8 1,322.0 637.1 1,749.0 3,708.1 Calculate the following ratios for 2020 using the information presented in the above statements: (Use year end values) a. Current Ratio b. Inventory Turnover 2.3 times C. Profit Margin 2.5 times 2.1 times d. Interest Cover 2.4 times 3,885.8 3,708.1 Liabilities and Shareholder's Equity Current liabilities Long Term Liabilities Share Capital Total 1,497.7 1,322.0 679.5 637.1 1,708.6 1,749.0 3,885.8 3,708.1 Calculate the following ratios for 2020 using the information presented in the al ts: (Use year end values) a. Current Ratic 6.5% 6.4% > b. Inventory Tur 11.2% 11.0% C. Profit Margin d. Interest Cover Liabilities and Shareholder's Equity Current liabilities Long Term Liabilities Share Capital Total 1,497.7 1,322.0 679.5 637.1 1,708.6 1,749.0 3,885.8 3,708.1 Calculate the following ratios for 2020 using the information presented in the above statements : (Use year end values) . Current Ratio b. Inventory Tui 51.2 times 50.1 times C. Profit Margit 29.2 times 23.4 times d. Interest Cover