The folloWing data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31, 2020 and 2019: 2020 Cash $ 10,000 30,000 Net accounts receivable Inventory 43,000 5,000 |2019 $ 15,000 25,000 40,000 7,000 87,000 112,000 114000 60,000 45,000 88,000 70,000 30,000 Prepaid expenses Total current assets Total non-current assets Total current liabilities Total non-current liabilities Common shares Retained earnings Net credit sales Cost of goods sold Gross margin 60,000 0,000 30,000 36,000 370,000 333,000 160,000 173,000 87,000 150,000 220,000 ncome from operations 95,000 8,000 nterest expense 8,000 70,000 57,000 Net income 10,000 shares of common shares have been issued and outstanding since the company was established. They had a market value of $90 per share on December 31, 2019, and they were selling for $91.50 on December 31, 2020.

26 No The following data represent selected information from the comparative income statement and balance sheet for Hot Roded Corporation for the years ended December 31, 2020 and 2019 Moto ago 2020 2019 Cash 5.10.000 S 15.000 Net accounts receivable 30.000 25.000 Inventory 43.000 40.000 Prepaid expenses 5.000 7.000 Total current assets E000 37.000 Total non-current assets 112.000 T14000 Total current liabilities 70.000 000 Total non current liabilities 30.000 45.000 Common shares 70.000 0 000 Retained and 30 000 36.000 Net credit sales 370.000 323000 cost of goods sold 150.000 160000 Gross margin 220.000 1000 Income from operations 95.000 87.000 Interesse 3.000 000 70.000 Net income 57000 10.000 shares of common shares have been in and outstanding the company was established they had a man Perem 2019 and they wing for 59150 on December 11 2020 Cost of goods sold 150.000 160,000 Gross margin 220,000 173,000 ncome from operations 95,000 87,000 Interest expense 8,000 8,000 Net income 70,000 57.000 10,000 shares of common shares have been issued and outstanding since the company was established. They had a market value of $90 per share on December 31, 2019, and they were selling for $91,50 on December 31, 2020 Relet to the table above. The debt ratio for Hot Rolled Corporation on December 31, 2020, was Select one O A 182 O B1.67 OC 0.55 OD. 0.50