2019 BECA CORPORATION Statement of Financial Position December 31 2021 2020 Assets Current assets Cash $25,200 $20,100 Accounts receivable (net) 55,300 45,300 Inventory 100,000 85,100 Total current assets 180,500 150,500 Long-term investments 57,500 69,700 Property, plant, and equipment (net) 498,900 371,800 Total assets $736,900 $592,000 Liabilities and Shareholders' Equity Liabilities Current liabilities $85,700 $79,600 Non-current liabilities 155,700 85,400 Total liabilities 241,400 165,000 Shareholders' equity Common shares 329,700 302,700 Retained earnings 165,800 124,300 Total shareholders' equity 495,500 427,000 Total liabilities and shareholders' equity $736,900 $592,000 $17,900 48,100 63,700 129,700 45,900 256,000 $431,600 $30,100 19,900 50,000 299,100 82,500 381,600 $431,600 BECA CORPORATION Statement of Income Year Ended December 31 2021 Sales 706,700 Cost of goods sold 448,700 Gross profit 258,000 Operating expenses 150,000 Income from operations 108,000 Interest expense 10,100 Income before income tax 97,900 Income tax expense 19,580 Net income $78,320 2020 460,000 300,800 159,200 83,400 75,800 3,950 71,850 14,370 $57,480 Additional information: 1. 2. 3. 4. The allowance for doubtful accounts was $4,800 in 2019, $4,500 in 2020, and $5,000 in 2021. All sales were credit sales. Net cash provided by operating activities was $120,100 in 2020 and $102,200 in 2021. Net capital expenditures were $159,200 for 2020 and $180,500 for 2021. Calculate the following ratios for 2020 and 2021: (Round answers to 1 decimal place, e.g. 5.2:1 or 5.2% or 5.2. Enter negative answers preceeding either - sign, e.g. -45 or in parentheses, e.g. (45).) 2021 2020 : 1 :1 times times 1. Current ratio Receivables 2. turnover Inventory 3. turnover Debt to total 4. assets Times interest 5. earned times times % % times times $ $ 6. Free cash flow Gross profit 7. margin % % % 8. Profit margin Asset 9. turnover Return on 10. assets times times % %