Balance Sheet Dec. 31, 2025 Dec. 31, 2024 Cash $52,300 $60,200 Accounts receivable (net) 199,900 80,000...

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Balance Sheet Dec. 31, 2025 Dec. 31, 2024 Cash $52,300 $60,200 Accounts receivable (net) 199,900 80,000 Short-term investments 80,000 40,400 Inventory 436,700 359.800 Prepaid expenses 3,100 6.900 Total current assets $772,000 $547,300 Property, plant, and equipment (net) 853,100 850,000 Total assets $1,625,100 $1,397,300 Current liabilities 242,300 157,500 Bonds payable 396,500 396.500 Common stockholders' equity 986,300 843,300 Total liabilities and stockholders' equity $1,625,100 $1,397,300 Income Statement For the Year Ended 2025 Sales revenue $1.649.100 Cost of goods sold (796,200) Gross profit 852,900 Selling and administrative expenses (439.100) Interest expense (40,400) Net income $373,400 (a) Determine the following for 2025. (Round answers to 2 decimal places, eg. 1.59 or 45.87%) (2) Current ratio at December 31 (2) Acid-test ratio at December 31 (3) Accounts receivable turnover (4) Inventory turnover (5) Return on assets (6) Profit margin on sales times times times times % Balance Sheet Dec. 31, 2025 Dec. 31, 2024 Cash $52,300 $60,200 Accounts receivable (net) 199,900 80,000 Short-term investments 80,000 40,400 Inventory 436,700 359.800 Prepaid expenses 3,100 6.900 Total current assets $772,000 $547,300 Property, plant, and equipment (net) 853,100 850,000 Total assets $1,625,100 $1,397,300 Current liabilities 242,300 157,500 Bonds payable 396,500 396.500 Common stockholders' equity 986,300 843,300 Total liabilities and stockholders' equity $1,625,100 $1,397,300 Income Statement For the Year Ended 2025 Sales revenue $1.649.100 Cost of goods sold (796,200) Gross profit 852,900 Selling and administrative expenses (439.100) Interest expense (40,400) Net income $373,400 (a) Determine the following for 2025. (Round answers to 2 decimal places, eg. 1.59 or 45.87%) (2) Current ratio at December 31 (2) Acid-test ratio at December 31 (3) Accounts receivable turnover (4) Inventory turnover (5) Return on assets (6) Profit margin on sales times times times times %