Question: i just need help with number 9 , the debt to toal assets part. thank u! 15 Supplemental llomework W14 - The financial statements of
15 Supplemental llomework W14 - The financial statements of Haint Company appear below: HAINZ COMPANY-Comparative Balance Sheet December 31, 2020 and 2019 Assets 2020 S 20,000 20,000 40,000 60,000 260.000 $400.000 2019 S40,000 60,000 30,000 70,000 300.000 $500,000 Short-term investments Accounts receivable (net), Inventory Property, plant and equipment (net) Total assets Liabilities and stockholders' equity Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 20,000 40,000 80,000 150,000 110.000 S400.000 $ 30,000 90,000 160,000 150,000 70.000 $500,000 HAINZ COMPANY-Income Statement For the Year Ended December 31, 2020 $400,000 250.000 150,000 Net sales Cost of goods sold Gross profit Expenses Operating expenses Interest expense Total expenses Income before income taxes Income tax expense. Net income $42.000 18.000 60.000 90,000 27.000 5.63.000 Instructions Using the financial statements and additional information, compute the following ratios for Hainz Company for 2020 and for selected 2019. Show all computations. 1. Current ratio: 2020 and 2019 Return on common stockholders' equity: 2020 3. Acid-test ratio: 2020 and 2019 Accounts receivable turnover: 2020 5 Times interest earned: 2020 6. Profit margin: 2020 7. Inventory turnover: 2020 8 Return on assets: 2020 9. Debt to Total Assets: 2020 2019
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