The following post-closing trial balance was prepared on December 31, 2019 and 2020 for the Florida Company:

	Dec. 31, 2019		Dec. 31, 2020
Account	Debit	Credit	Debit	Credit
Cash	25,000		79,000
Building	450,000		380,000
Inventory	50,000		70,000
Accounts receivable	35,000		56,000
Discount on bonds payable	4,000		3,000
Trading investments	79,000		68,000
Adjustment to market, trading investments	5,000		7,000
Patents	60,000		54,000
Life insurance, cash surrender value			8,000
Accumulated depreciation		164,000		128,000
Allowance for bad debts		4,000		6,000
Bonds payable		200,000		200,000
Accounts payable		80,000		100,000
Unearned rental income		20,000		8,000
Common stock, $1 par		10,000		10,000
Paid-in excess of par		190,000		190.000
Retained earnings		40,000		83,000

Required:

1. A classified (current versus long term) balance sheet for December 31, 2020. Include proper heading and presentation.

B. Ratio Analysis (the ratios that will be on Exam 1)

Assume that sales were $340,000, the cost of goods sold was $220,000 and net income was $43,000 for 2020. Calculate the following ratios for 2020:

1. Current ratio

2. Accounts Receivable (as ratio and in days)

3. Inventory turnover (as a ratio and in days)

4. Return on Assets

5. Book value per share

Note: Any ratio with an income statement item in the numerator and a balance sheet amount in the denominator should use an average amount (beginning/end of year) amount in the denominator.