Fader Corp.’s 20X4 and 20X5 SFP and 20X5 SCI are as follows (in millions of dollars, except per share amounts):

Required:
Compute the 20X5 ratios that measure:
a. Profitability (after tax only)
b. Efficiency
c. Solvency
d. Liquidity
For each category, use a format similar to the following (example given for 20X4):

Transcribed Image Text:

Condensed Statement of Financial Position ASSETS Cash 31 December: Investments (short-term) Accounts receivable (net of allowance) Inventory (FIFO) Prepaid expenses Investments, long-term Property, plant, and equipment (net of accumulated depreciation of $29 (20X4), $37 (20X5) Total assets LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable Accrued liabilities Notes payable, long-term Common shares, no par (60,000 shares outstanding) Retained earnings (including 20X4 and 20X5 income) Totals 20X5 $11 3 23 31 4 31 81 $184 $ 22 2 41 76 43 $184 20X4 $20 4 19 37 3 31 72 $186 $ 10 2 4575 53 76 $186