Coronado Corporation's comparative balance sheets are presented below. CORONADO CORPORATION Balance Sheets December 31 2020 2019...
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Coronado Corporation's comparative balance sheets are presented below. CORONADO CORPORATION Balance Sheets December 31 2020 2019 Cash $11,160 $3,700 Accounts receivable 14,580 25,800 Inventory 10,080 8,500 Land 28,900 27,700 Building 78,900 78,900 Accumulated depreciation (14,400) (13,100) Total $129,220 $131,500 Accounts payable $18,000 $30,200 Common stock ($5 par) 65,000 65,000 Retained earnings 46,220 36,300 Total $129,220 $131,500 Coronado's 2020 income statement included net sales of $100,950, cost of goods sold of $65,030, and net income of $20,190. Compute the following ratios for 2020. (Round Current ratio, Accounts receivable turnover, Inventory turnover, Asset turnover and Earnings per share to 2 decimal places, e.g. 15.25 or 15.25%. Round Debt to assets ratio to 1 decimal place, e.g. 15.2%. Round other answers to O decimal places, e.g. 15 or 15%.) Coronado Corporation's comparative balance sheets are presented below. CORONADO CORPORATION Balance Sheets December 31 2020 2019 Cash $11,160 $3,700 Accounts receivable 14,580 25,800 Inventory 10,080 8,500 Land 28,900 27,700 Building 78,900 78,900 Accumulated depreciation (14,400) (13,100) Total $129,220 $131,500 Accounts payable $18,000 $30,200 Common stock ($5 par) 65,000 65,000 Retained earnings 46,220 36,300 Total $129,220 $131,500 Coronado's 2020 income statement included net sales of $100,950, cost of goods sold of $65,030, and net income of $20,190. Compute the following ratios for 2020. (Round Current ratio, Accounts receivable turnover, Inventory turnover, Asset turnover and Earnings per share to 2 decimal places, e.g. 15.25 or 15.25%. Round Debt to assets ratio to 1 decimal place, e.g. 15.2%. Round other answers to O decimal places, e.g. 15 or 15%.)
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