Refer to the following informatin for Rocket Inc 2018 45 197 Not Ins Comparative Balance Sheet Information Hovber 30 (willif ) 2020 2019 th $70 121 Accounts receivable (net) 119 57 Twenty 201 237 Prepaid rent 81 45 ant and ups (net) 810 counts payable 10 162 Accredits 3 12 Income tax payable 14 Preferred share 129 shares 249 249 Retained earning 563 52 86 21 129 249 05 229 2012 11,164 420 5735 Het The Inco Start For Year Ended November 30 (aillant of 5) 2020 et sales $1,300 Cost of thods sold 501 Gross profit 5 879 Operating expenses Depreciation expense $ Other expenses Total operating expenses 56 Profit from operations 5 315 Interest expense 35 Thcotax expense Profit $ 235 $ BO 42 400 5 127 25 44 $ 258 Required: Calculate Rocker's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2 decimal places. Us 365 days a Yeni) 2020 2010 1 1 Rano Cabo Quck Accounts receive mover Darse un collected Inventory tumowe Days' sin entory Total Accounts payable turnover days times days times mes mes days mes days tumes times Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable Ratio Favourable Untavourable Currento Quco Accounts receivable Days' sales uncollected Inventory tumover Total asset turnover Accounts payable turnover times times times times Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable. Ratio Favourable? Unfavourable Current ratio Quick ratio Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover FR hlaut Refer to the following informatin for Rocket Inc 2018 45 197 Not Ins Comparative Balance Sheet Information Hovber 30 (willif ) 2020 2019 th $70 121 Accounts receivable (net) 119 57 Twenty 201 237 Prepaid rent 81 45 ant and ups (net) 810 counts payable 10 162 Accredits 3 12 Income tax payable 14 Preferred share 129 shares 249 249 Retained earning 563 52 86 21 129 249 05 229 2012 11,164 420 5735 Het The Inco Start For Year Ended November 30 (aillant of 5) 2020 et sales $1,300 Cost of thods sold 501 Gross profit 5 879 Operating expenses Depreciation expense $ Other expenses Total operating expenses 56 Profit from operations 5 315 Interest expense 35 Thcotax expense Profit $ 235 $ BO 42 400 5 127 25 44 $ 258 Required: Calculate Rocker's liquidity and efficiency ratios for 2020 and 2019. (Round the final answers to 2 decimal places. Us 365 days a Yeni) 2020 2010 1 1 Rano Cabo Quck Accounts receive mover Darse un collected Inventory tumowe Days' sin entory Total Accounts payable turnover days times days times mes mes days mes days tumes times Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable Ratio Favourable Untavourable Currento Quco Accounts receivable Days' sales uncollected Inventory tumover Total asset turnover Accounts payable turnover times times times times Analysis Component: Identify whether the change in each ratio from 2019 to 2020 was favourable or unfavourable. Ratio Favourable? Unfavourable Current ratio Quick ratio Accounts receivable turnover Days' sales uncollected Inventory turnover Days' sales in inventory Total asset turnover Accounts payable turnover FR hlaut
