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Urgent Please 2019 Q1. Chester Plc's comparative balance sheets are presented below: Chester Plc Comparative Balance Sheets December 31 2020 $ Assets: Cash 41,100 Accounts
Urgent Please
2019 Q1. Chester Plc's comparative balance sheets are presented below: Chester Plc Comparative Balance Sheets December 31 2020 $ Assets: Cash 41,100 Accounts receivables 127,800 Inventories 133,400 Property, plant and equipment 512,000 Total 814,300 $ 40,000 59,600 73,000 470,000 642,600 Liabilities and Stockholder's Equity: Accounts payable Tax payable Long term loans Common stock ($1 par) Retained earnings Total 102000 21500 100000 200000 390800 814300 61800 22500 15000 200000 343300 642600 Additional Information: Net Income for 2020 was $47,500, Net sales $5,32,700 Instructions: a)Prepare a statement of cash flows for 2020 using the indirect method. [9 marks b) Calculate the following Ratios for the year 2020 and also indicate the significance of each ratio: Current Ratio, Quick Ratio, Profit Margin, Asset Turnover, Return on Common Stockholders' Equity, Debt to Asset. [6 marks]Step by Step Solution
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