The Korda sisters have provided the following information: T Assets Korda-Inc Comparative Balance Sheet December 31, 2021 -2021-> Cash. Short-term investments.. Accounts receivable (net). Inventory. Property, plant and equipment (net).. .9 Total assets Liabilities and stockholders' equity Accounts payable.... Short-term notes payable... I Bonds payable. Common stock... Retained earnings... Total liabilities and stockholders' equity $ 20,000 -> 20,000 60,000 40,000 -> 30,000 60,000 -> 70,000 260.000 -300,000 $400,000 $500,000 $ 20,000 40,000 $ 30,000 -> 90,000 80,000 -> 160,000 150,000 -> 150,000 -110.000 -> ---70,000 $400,000 -> $500,000 Korda Inc. Net sales. Cost of goods sold. Gross profit.. Expenses Operating expenses. Interest expense. Total expenses. Income before income taxes. Income tax expense. Net income Additional information: Income Statement For the Year Ended December 31, 2021 a. Cash dividends of $23,000 were declared and paid in 2021.1 $400,000 250.000 150,000 $42,000 18,000 60.000 90,000 27,000 $ 63,000 b. Weighted-average number of shares of common stock outstanding during 2021 was 30,000 shares. c. Market value of common stock on December 31, 2021, was $21 per share. Instructions Using the financial statements and additional information, compute the following ratios for Hainz Company for 2020. Show all calculations. Ratio Value 1 Current ratio B 2 Add-test ratio 3 Accounts receivable turnover 11 4 Days in receivables # 5 Inventory turnover M N 6 Days in inventory 18 7 Return on common stockholder's equity M 8 Profit margin # 9 Return on assets 10 Payout ration 11 Earnings per share 12 Price-earnings ration 13 Times Interest earned: 14 Solvency ration BO B 10 " " Calculation Conclusion: Provide a discussion on your findings related to the company's liquidity, profitability, and solvency position. Justify your conclusions. Discussion of Findings Liquidity: 1 H Profitability: Solvency: Exercise #1 The Korda sisters have provided the following Information: Assets Korda-Inc Comparative Balance Sheet December 31, 2021 Cash Short-term investments. Accounts receivable (net). Inventory Property, plant and equipment (net). Total assets Liabilities and stockholders' equity Accounts payable.... Short-term notes payable. Bonds payable. Common stock. Retained earnings.. Total liabilities and stockholders' equity -2020- $ 20,000 $ 40,000 20,000 60,000 +40,000 -> 30,000 60,000 70,000 -260.000 300,000 $400,000 $500,000 $ 20,000 40,000 $ 30,000 80,000 -> 90,000 160,000 150,000 150,000 -110.000 -70,000 $400,000 $500,000 Korda Inc. Income Statement For the Year Ended December 31, 2021 Net sales Cost of goods sold. Gross profit. Expenses Operating expenses. Interest expense. Total expenses Income before income taxes Income tax expense..... Net income Additional information: a. Cash dividends of $23,000 were declared and paid in 2021.1 $400,000 250.000 150,000 $42,000 18,000 60.000 90,000 27,000 $63.000 b. Weighted-average number of shares of common stock outstanding during 2021 was 30,000 shares. c. Market value of common stock on December 31, 2021, was $21 per share. Instructions Using the financial statements and additional information, compute the following ratios for Hainz Company for 2020. Show all-calculations. Ratio 1 Current ration 2 Acid-test ratio 3 Accounts receivable turnovers 4 Days in receivables 5 Inventory turnover 6 7 Days in inventory B Return on common stockholder's equity 8 Profit margin 9 Return on assets 10 Payout ration 11 Earnings per share 12 Price-earnings ratio Value 2 " 22 B A 34 # 13 Times interest earned: 14 Solvency ration R Calculation Conclusion: Provide a discussion on your findings related to the company's liquidity, profitability, and solvency position. Justify your conclusions. Discussion of Findings 22 Liquidity: # Profitability: E Solvency