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Selected 2021 financial statements of Hodge Corporation is presented below. All sales during the period were on credit. Selected balance sheet amounts at December 31,

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Selected 2021 financial statements of Hodge Corporation is presented below. All sales during the period were on credit. Selected balance sheet amounts at December 31, 2020 were: inventory, $54,900, total assets. $219,400; common stock, $81,000; and retained earnings. $39,133 Hodge Corporation Income Statement For Year Ended December 31, 2021 salos $ 455,600 Cost of goods sold 298,050 Cross profit 157,550 Operating expenses 99,100 Interest expense 6,500 Income before taxes 53,950 Income tax expense 21,733 Het income 32,217 Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Hodge Corporation Balance Sheet December 31, 2021 Liabilities and Equity $ 18,000 Accounts payable 8,400 Accrued wage payable 31,000 Income taxes payable 36,150 Long-term note payable, Becured by mortgage on plant assets 2.500 Common stock 151,300 Retained earnings $ 247,350 Total liabilities and equity $ 18,500 4.800 4.300 67,400 Prepaid expenses plant assets, net Total assets 81,000 71.350 $ 247.350 Required: Required: Compute the following for Hodge Corporation: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected. (4) inventory turnover (5) days' sales in inventory. (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio (9) total asset turnover (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Reqs Reg 6 Req? Reg 8 Reg 9 Reg 10 Req 11 Compute the current ratio and acid-test ratio, Choose Numerator Current assets $ Current Ratio Choose Denominator Current liabilities Current Ratio Current ratio 96,050 / 0 to 1 (2) Choose Numerator Quick assets Acid-Test Ratio Choose Denominator: Current liabities 1 Acid-Test Ratio Acid-Test Ratio O to 1 1 HOR Req3 >

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