Question 1(Mandatory)(7 points)

What is Ratio Corporation's Working Capital at 12/31/2021?

Question 1 options:

$42,000

None of these options

$80,000

$38,000

Question 2(Mandatory)(7 points)

What is Ratio Corporation's Current Ratio at 12/31/2021?

Question 2 options:

None of these options

2.11

2.22

1.21

Question 3(Mandatory)(7 points)

What is Ratio Corporation's Quick Ratio at 12/31/2021?

Question 3 options:

2.11

1.21

None of these options

2.22

Question 4(Mandatory)(8 points)

What is Ratio Corporation's Fiscal 2021 Accounts Receivable Turnover?

Question 4 options:

153.85

29.09

None of these options

2.37

Question 5(Mandatory)(8 points)

How many days, on average, do Ratio Corporation's accounts receivable remain outstanding during Fiscal 2021?

Question 5 options:

None of these options

2.37 days

153.85 days

12.55 days

izzing/user/quiz_summary.d217qi=3554798ou=797703 December 31 ASSETS 2021 2020 Current Assets Cash $20,000 $10,000 Marketable Securities $18,000 $13,000 Accounts Receivable 8.000 5,000 Merchandise Inventory 30,000 25,000 Other Current Assets 4,000 5,000 Total Current Assets $80,000 $58,000 Noncurrent Assets Buildings and Equipment (cost) $550,000 $500,000 Accumulated Depreciation (210,000) (200,000) Buildings and Equipment (net) $340,000 $300,000 TOTAL ASSETS $420,000 $358.000 LIABILITIES & SHAREHOLDERS EQUITY Current Liabilities Accounts Payable $18,000 $15,000 Wages Payable 11,000 1,000 Other Payables 9.000 12.000 Total Current Liabilities $38.000 $28,000 Noncurrent Liabilities Bonds Payable 5208,000 $160,000 TOTAL LIABILITIES $246,000 $188,000 Shareholders' Equity Common Stock $4.000 $2,000 APIC $70,000 $50,000 Retained Earnings 100.000 118,000 IHOLDERSI FOLITY Lab 8 winter 202 ..docx OBuildings and Accumulated Depreciation (210,000) (200,000) Buildings and Equipment (net) $340,000 $300,000 TOTAL ASSETS $420,000 $358,000 LIABILITIES & SHAREHOLDERS EQUITY Current Liabilities Accounts Payable $18.000 $15,000 Wages Payable 11.000 1,000 Other Payables 9,000 12,000 Total Current Liabilities $38.000 $28.000 Noncurrent Liabilities Bonds Payable $208.000 $160,000 TOTAL LIABILITIES $246,000 $188.000 Shareholders' Equity Common Stock $4,000 $2,000 APIC $70,000 $50,000 Retained Earnings 100.000 118,000 Total Shareholders' Equity $174,000 $170,000 TOTAL LIAB. & SHAREHOLDERS' EQUITY $420,000 $358,000 nter 202....docx O W gRATIO CORPORATION INCOME STATEMENT Year End 12/31/2021 Net Sales $1.000,000 CGS (800,000) Profit Margin 200,000 SG&A (20,000) Operating Income 180,000 Interest Expense (40,000) Pre-Tax Income 140,000 Tax Expense @ 40% (56,000) Net Income $84,000