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Statement of Income For the years ended December 31,2020 and 2021 Year Ended 31/12/2021 Year Ended 31/12/2020 Sales Revenue 750,000 500,000 Cost of Goods Sold
Statement of Income For the years ended December 31,2020 and 2021 Year Ended 31/12/2021 Year Ended 31/12/2020 Sales Revenue 750,000 500,000 Cost of Goods Sold -300,000 -200,000 Gross Margin 450,000 300,000 Salaries Expense -75,000 -50,000 Depreciation Expense -70,000 -70,000 Interest Expense -30,000 -30,000 Net Income 275,000 150,000 Some Selected Balance Sheet Data As at 31.12.2021 As at 31.12.2020 Long Term Borrowings 300,000 300,000 Accounts Receivable 525,000 250,000 PPE Cost 350,000 350,000 Accumulated Depreciation 210,000 140,000 A. Prepare a common size income statement B. Compute the accounts Receivable turnover Rate for 2021 C. Compute the accounts receivable turnover rate for 2021 D. compute the sales growth rate (year-to-year change) E. Compute the accounts receivable growth rate (year-to-year change) F. Compute the interest rate for 2021 G. Compute the interest rate for 2020 H. Compute the straight line depreciate rate for 2021 I. Compute the straight line depreciation rate for 2020 J. Based on your above analysis, comment briefly on 250R corp's performance
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