THE SUNLAND COMPANY LTD. Balance Sheet December 31 Assets 2021 2020 Current assets $73,489 Cash Accounts receivable 102,755 157,160 333,404 700,170 $1,033,574 $68,985 101,185 115,720 285,890 622,573 $908,463 Inventory Total current assets Property, plant, and equipment Total assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Income tax payable Current portion of mortgage payable Total current liabilities Mortgage payable Total liabilities Shareholders' equity Common shares (61,470 issued in 2021; 65.250 in 2020) $150,060 45,860 10,500 $122,358 43,160 19,570 206,420 185,088 185,100 99,580 306,000 370,188 184,410 195,750 Total liabilities 306,000 370,188 Shareholders' equity Common shares (61,470 issued in 2021; 65,250 in 2020) Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 184,410 543,164 195,750 342,525 538,275 727,574 $1,033,574 $908,463 Additional information: 1. 2. 3. All sales were on account. The allowance for doubtful accounts was $5,526 in 2021 and $5,055 in 2020. On July 1, 2021,3,780 shares were reacquired for $9 per share and cancelled. In 2021, $5,280 of dividends were paid to the common shareholders. Cash provided by operating activities was $311,908. Cash used by investing activities was $160,572. 4. 5. 6. Calculate all possible liquidity, solvency, and profitability ratios for 2021. (Round answers for Collection period, Days sales in inventory, Operating cycle and Free cash flow to 0 decimal places, eg, 125. Round answer for Earnings per share to 2 decimal places, eg, 12.56. Round all other answers to 1 decimal place, eg. 12.5 or 12.5%.) all other answers to decimar place, eg 1215 or 12.5%) Liquidity Ratios 1. Current ratio 2. Acid-test ratio 3. Receivables turnover times 4. Collection period days 5. Inventory turnover times 6. Days sales in inventory days 7. Operating cycle days Solvency Ratios 8. Debt to total assets % Interest coverage times 10. Free cash flow $ 10. Free cash flow Profitability Ratios 11. Gross profit margin % 12. Profit margin % 13. Asset turnover times 14. Return on assets % 15. Return on equity % 16. Earnings per share 17. Payout ratio % e Textbook and Media