ABC Company provided the following information for the year ended December 31, 2021: ABC Company Statement...

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ABC Company provided the following information for the year ended December 31, 2021: ABC Company Statement of Financial Position As of December 31, 2021 and 2020 Assets Current assets Cash and cash equivalents Accounts receivable Inventories Total current assets Noncurrent assets Property, plant and equipment Total assets Liabilities and Shareholder's equity Current liabilities Trade and other payables Loans payable current portion Total current liabilities Noncurrent liabilities Loans payable- noncurrent portion Total liabilities Shareholder's equity Share capital Retained earnings Total shareholder's equity Total liabilities and shareholder's equity Additional information are as follows: Acid-test ratio - 2021 Debt ratio - 2021 Net sales Cost of goods sold Required: 1. Current ratio 2021 2. Accounts receivable as of December 31, 2021 3. Accounts receivable turnover 2021 4. Inventories as of December 31, 2021 5. Inventory turnover 2021 2021 80,000 ? ? 700,000 ? ? 300,000 50,000 350,000 6. Property, plant and equipment as of December 31, 2021 7. Fixed asset turnover 2021 8. Total assets as of December 31, 2021 9. Total liabilities as of December 31, 2021 10. Debt equity ratio 2021 ? ? 400,000 190,000 590,000 ? 2020 60,000 180,000 320,000 560,000 500,000 1,060,000 240,000 60,000 300,000 300,000 600,000 400,000 60,000 460,000 1,060,000 1.40 50% 800,000 500,000 ABC Company provided the following information for the year ended December 31, 2021: ABC Company Statement of Financial Position As of December 31, 2021 and 2020 Assets Current assets Cash and cash equivalents Accounts receivable Inventories Total current assets Noncurrent assets Property, plant and equipment Total assets Liabilities and Shareholder's equity Current liabilities Trade and other payables Loans payable current portion Total current liabilities Noncurrent liabilities Loans payable- noncurrent portion Total liabilities Shareholder's equity Share capital Retained earnings Total shareholder's equity Total liabilities and shareholder's equity Additional information are as follows: Acid-test ratio - 2021 Debt ratio - 2021 Net sales Cost of goods sold Required: 1. Current ratio 2021 2. Accounts receivable as of December 31, 2021 3. Accounts receivable turnover 2021 4. Inventories as of December 31, 2021 5. Inventory turnover 2021 2021 80,000 ? ? 700,000 ? ? 300,000 50,000 350,000 6. Property, plant and equipment as of December 31, 2021 7. Fixed asset turnover 2021 8. Total assets as of December 31, 2021 9. Total liabilities as of December 31, 2021 10. Debt equity ratio 2021 ? ? 400,000 190,000 590,000 ? 2020 60,000 180,000 320,000 560,000 500,000 1,060,000 240,000 60,000 300,000 300,000 600,000 400,000 60,000 460,000 1,060,000 1.40 50% 800,000 500,000