Question: i need the answer quickly Q2: Smith Company reports the following information (in thousand) during a recent year: sales, $20,980; net income is 30% of

i need the answer quickly i need the answer quickly Q2: Smith Company reports the following information

Q2: Smith Company reports the following information (in thousand) during a recent year: sales, $20,980; net income is 30% of the total sales, and the total assets are 36% of the net income; Calculate: (6 Marks) (1) Return on assets. (2) Asset turnover. (3) Profit margin. Q3: Calculate the quick current ratio using the following information: (3 Marks) Cash $9,000 Accounts receivable 2,100 Prepaid rent 1100 Land 45,000 Equipment 4,000 accumulated depreciation 800 accounts payable 6000 salaries payable 600 notes payable-long term 9000

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