Calculate the current ratio 2. Calculate the quick ratio 3. Calculate inventory Turnover 4. Calculate the...

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Calculate the current ratio 2. Calculate the quick ratio 3. Calculate inventory Turnover 4. Calculate the Days in Receivables 5. Calculate the Times Interest Earned ratio 6. Calculate the Debt-to-Equity Ratio 7. Calculate the return on sales 8. Calculate the gross profit margin % 9. Calculate the return on assets 10. Calculate the return on equity Data Set Assets Cash North Corporation Balance Sheet as at December 31 2019 $220.000 2020 $260,000 Data Set Assets Cash North Corporation Balance Sheet as at December 31 Accounts Receivable * Inventories Current Assets Plant and Equipment ** Less Accumulated Amortization Net Plant and Equipment Total Assets 2019 $220,000 240,000 300,000 760,000 1,300,000 450.000 850.000 $1.610,000 LIABILITIES AND SHAREHOLDER'S EQUITY 2020 $260,000 425,000 285,000 970,000 1,600,000 590,000 1,010,000 $1,980,000 Accounts Payable Accrued Expenses Current Liabilities Bonds Payable Total Liabilities LIABILITIES AND SHAREHOLDER'S EQUITY Common Stock Retained Earnings Total Shareholder's Equity 480,000 30,000 510,000 600,000 1,110,000 100,000 400,000 500,000 $1.610.000 505,000 10,000 515,000 660,000 1,175,000 300,000 505,000 805,000 Total Liabilities' and Shareholders' Equity Credit sale terms are net 30 days ** In 2020 sold an asset that originally cost $14.000 *** There are 200,000 shares outstanding as at December 31, 2020. On June 30, 2020 the firm issued 50.000 shares. $1,980,000 North Corporation Income Statement For the Year Ended December 31, 2020 Sales Cost of Goods Sold Gross Profit Selling, General & Administrative Expenses Gain on Disposition of Capital Asset Depreciation Operating Profit Interest Expense Earnings Before Taxes Income Taxes Net Income $5,500,000 4,200,000 1,300,000 510,000 (10,000) 150,000 650,000 90.000 560,000 224.000 $336.000 Calculate the current ratio 2. Calculate the quick ratio 3. Calculate inventory Turnover 4. Calculate the Days in Receivables 5. Calculate the Times Interest Earned ratio 6. Calculate the Debt-to-Equity Ratio 7. Calculate the return on sales 8. Calculate the gross profit margin % 9. Calculate the return on assets 10. Calculate the return on equity Data Set Assets Cash North Corporation Balance Sheet as at December 31 2019 $220.000 2020 $260,000 Data Set Assets Cash North Corporation Balance Sheet as at December 31 Accounts Receivable * Inventories Current Assets Plant and Equipment ** Less Accumulated Amortization Net Plant and Equipment Total Assets 2019 $220,000 240,000 300,000 760,000 1,300,000 450.000 850.000 $1.610,000 LIABILITIES AND SHAREHOLDER'S EQUITY 2020 $260,000 425,000 285,000 970,000 1,600,000 590,000 1,010,000 $1,980,000 Accounts Payable Accrued Expenses Current Liabilities Bonds Payable Total Liabilities LIABILITIES AND SHAREHOLDER'S EQUITY Common Stock Retained Earnings Total Shareholder's Equity 480,000 30,000 510,000 600,000 1,110,000 100,000 400,000 500,000 $1.610.000 505,000 10,000 515,000 660,000 1,175,000 300,000 505,000 805,000 Total Liabilities' and Shareholders' Equity Credit sale terms are net 30 days ** In 2020 sold an asset that originally cost $14.000 *** There are 200,000 shares outstanding as at December 31, 2020. On June 30, 2020 the firm issued 50.000 shares. $1,980,000 North Corporation Income Statement For the Year Ended December 31, 2020 Sales Cost of Goods Sold Gross Profit Selling, General & Administrative Expenses Gain on Disposition of Capital Asset Depreciation Operating Profit Interest Expense Earnings Before Taxes Income Taxes Net Income $5,500,000 4,200,000 1,300,000 510,000 (10,000) 150,000 650,000 90.000 560,000 224.000 $336.000

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