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Use these financial statements to answer the following numerical questions. Balance Sheet 2020 2021 2020 2021 Cash $ 2,500 $ 3,100 Accounts payable $ 9,400
Use these financial statements to answer the following numerical questions. Balance Sheet 2020 2021 2020 2021 Cash $ 2,500 $ 3,100 Accounts payable $ 9,400 $11,600 Accounts receivable 8,200 10,600 Long-term debt 31,800 27,200 Inventory 19,400 22,800 Common stock 45,200 51,500 Net fixed assets 64,900 66,200 Retained earnings 8,600 12,400 Total assets $95,000 $102,700 Total liabilities and equity $95,000 $102,700 Income Statement Net Sales $128,400 Costs 101,600 Depreciation 7,400 EBIT 19,400 Interest 2,100 Taxable income 17,300 Taxes 3,633 Net Income $13,667 What is common size ratio for depreciation (in percent) in 2021? (Round your answer to 2 decimal places) Answer 1 Question 6 percent What is the current ratio in 2021? (Round your answer to 2 decimal places) Answer 2 Question 6 What is the return on equity (in percent) in 2020? (Round your answer to 2 decimal places) Answer 3 Question 6 percent How long (in days) does it take to collect receivables in 2020? (Round your answer to integer) (Use average receivable from 2019 and 2020) Answer 4 Question 6 days
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