GOLDEN LTD. Statement of Financial Position December 31 (in thousands) 2021 2020 2019 Assets Current assets...

   

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GOLDEN LTD. Statement of Financial Position December 31 (in thousands) 2021 2020 2019 Assets Current assets Cash $39 $94 $220 Accounts receivable 990 770 550 Inventory 1,220 550 Total current assets 2349 1.744 1.320 Property, plant, and equipment Inet 4.510 4,180 3.520 Total assets S6.859 $5.924 $4,040 Liabilities and Shareholder Equity Lisbilities Current libities S660 $605 $550 Non-ourrent liabilities 3.356 2.546 1,650 Futal liabilities 4.016 3.151 2.200 Shareholders'equity Common shares 1,100 1.100 1.100 Retained earning 1.743 1.673 1.540 Total shareholders' eauity 2.843 2.773 2.040 Totaliabilities and shareholders'equity $6.859 $5,924 S4B40 GOLDEN LTD. Statement of Income Year Ended December 31 (in thousands) 2021 2020 2019 Sales $4,950 $4,400 $3.960 Cost of goods sold 2,750 2.310 1.980 Gross proht 2.200 2,090 1.980 Operating expenses 1,595 1630 1642 Income tram operatians 605 460 331 Interest expense 212 149 86 Incorme before income tax 393 311 252 Income tax expense 102 90 78 Net income $291 $221 $174 (a1) Calculate the receivables turnover ratio, inventory turnaver ratio, and current ratio for all three years. Assume that the accounts receivable and inventory balances at the end of 2018 were equal to the balances at the endat 2019. The campany does not have an allowance for doubtful accaunts and ail sales are on credit. fRound answers to 1 decimat place, eg 5.2x 2021 2020 2019 Receivables times times times turmover Inventory times times times turnover Current 11 11 ratio Attempts: 0 of 1 used sni A Save tur Later (b1) The parts ot this question must be completnd in order. This part will be avaitable when you complete the part above (c1) GOLDEN LTD. Statement of Financial Position December 31 (in thousands) 2021 2020 2019 Assets Current assets Cash $39 $94 $220 Accounts receivable 990 770 550 Inventory 1,220 550 Total current assets 2349 1.744 1.320 Property, plant, and equipment Inet 4.510 4,180 3.520 Total assets S6.859 $5.924 $4,040 Liabilities and Shareholder Equity Lisbilities Current libities S660 $605 $550 Non-ourrent liabilities 3.356 2.546 1,650 Futal liabilities 4.016 3.151 2.200 Shareholders'equity Common shares 1,100 1.100 1.100 Retained earning 1.743 1.673 1.540 Total shareholders' eauity 2.843 2.773 2.040 Totaliabilities and shareholders'equity $6.859 $5,924 S4B40 GOLDEN LTD. Statement of Income Year Ended December 31 (in thousands) 2021 2020 2019 Sales $4,950 $4,400 $3.960 Cost of goods sold 2,750 2.310 1.980 Gross proht 2.200 2,090 1.980 Operating expenses 1,595 1630 1642 Income tram operatians 605 460 331 Interest expense 212 149 86 Incorme before income tax 393 311 252 Income tax expense 102 90 78 Net income $291 $221 $174 (a1) Calculate the receivables turnover ratio, inventory turnaver ratio, and current ratio for all three years. Assume that the accounts receivable and inventory balances at the end of 2018 were equal to the balances at the endat 2019. The campany does not have an allowance for doubtful accaunts and ail sales are on credit. fRound answers to 1 decimat place, eg 5.2x 2021 2020 2019 Receivables times times times turmover Inventory times times times turnover Current 11 11 ratio Attempts: 0 of 1 used sni A Save tur Later (b1) The parts ot this question must be completnd in order. This part will be avaitable when you complete the part above (c1)

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