The comparative income statement and balance sheet of Mila Misabo, Inc. fot 2020 and 2019 is shown below (along with some additional financial information): MILA MISABO Comparative Income Statement Years Ended December 21, 2020 and 2019 Net Sales Cost of Goods Sold 2020 2019 $459.000 $124,000 237,000 215,000 222,000 209,000 137,000 135,000 Gross Profit 74,000 85,000 12,000 14,000 Operating Expenses Income from Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income 60,000 73,000 19,000 25,000 $54,000 $35,000 MILA MISABO Comparative Balance Sheet December 21, 2020 and 2019 MILA MISABO Comparative Balance Sheet December 21, 2020 and 2019 2020 2019 Assets Current Assets: Cash Accounts Receivable, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net $94.000 120,000 145,000 12,000 371,000 215,000 $93.000 116,000 163,000 7,000 379.000 Total Assets 180,000 $559,000 $586,000 Liabilities Total Current Liabilities $243,000 $246,000 95,000 Long-Term Liabilities 100,000 Total Liabilities 343,000 341,000 Stockholders' Equity 144,000 123,000 95,000 99,000 Common Stockholders' Equity Retained Earnings Total Stockholders' Equity 243,000 218,000 $586,000 $559,000 Total Liabilities and Stockholders' Equity 20-00 Additional Information: 2020 2019 Market Price of Common Shares $84.32 $51.75 Common Shares Outstanding 10,000 10,000 All Sales are on Credit a. [3 points/What is Mila Misabo's Acid-Test (Quick) Ratio for 2020? b. [3 points) What is Mila Misabo's Days' Sales in Receivables for 2020? c. [3 points] What is Mila Misabo's Rate of Return on Total Assets for 2020? d. [3 points) What is Iila Misabo's Dividend Yield for 2020? The comparative income statement and balance sheet of Mila Misabo, Inc. fot 2020 and 2019 is shown below (along with some additional financial information): MILA MISABO Comparative Income Statement Years Ended December 21, 2020 and 2019 Net Sales Cost of Goods Sold 2020 2019 $459.000 $124,000 237,000 215,000 222,000 209,000 137,000 135,000 Gross Profit 74,000 85,000 12,000 14,000 Operating Expenses Income from Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income 60,000 73,000 19,000 25,000 $54,000 $35,000 MILA MISABO Comparative Balance Sheet December 21, 2020 and 2019 MILA MISABO Comparative Balance Sheet December 21, 2020 and 2019 2020 2019 Assets Current Assets: Cash Accounts Receivable, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net $94.000 120,000 145,000 12,000 371,000 215,000 $93.000 116,000 163,000 7,000 379.000 Total Assets 180,000 $559,000 $586,000 Liabilities Total Current Liabilities $243,000 $246,000 95,000 Long-Term Liabilities 100,000 Total Liabilities 343,000 341,000 Stockholders' Equity 144,000 123,000 95,000 99,000 Common Stockholders' Equity Retained Earnings Total Stockholders' Equity 243,000 218,000 $586,000 $559,000 Total Liabilities and Stockholders' Equity 20-00 Additional Information: 2020 2019 Market Price of Common Shares $84.32 $51.75 Common Shares Outstanding 10,000 10,000 All Sales are on Credit a. [3 points/What is Mila Misabo's Acid-Test (Quick) Ratio for 2020? b. [3 points) What is Mila Misabo's Days' Sales in Receivables for 2020? c. [3 points] What is Mila Misabo's Rate of Return on Total Assets for 2020? d. [3 points) What is Iila Misabo's Dividend Yield for 2020