Midterm Exam $-$ Requires Respondus LockDown Browser $+$ Webcam

Additional information $($all income statement information is listed below$)$:

As at December $31,2019,$ Boomer's Liabilities totaled $$126,200.$ Common Shares were $$128,000$

and Retained Earnings were $$110,800.$

$2020$ Revenue was $$911,000$ and Cost of Goods Sold was $$357,000.$ Interest Expense for $2020$ was

$$5,100.$ Income before Income Tax for $2020$ was $$64,000,$ and Income Tax Rate for $2020$ was $25\%.$

Pointet price per share of common stock at December $31,2020$ was $$8\mathrm{.}52$ and the number of

common shares outstanding at December $31,2020$ was $113,200.$

Required:

Using the data relating to Boomer Corporation, calculate the $2020$ financial ratios listed below. Show all

your calculations clearly for numbers not given $($description not required and no need to write the

formula of the ratios$).$ Indicate Return on Total Assets, Gross Profit Margin, and Dividend Yield as

percentages. Clearly label the ratios. Round all calculations $($intermediate and final$)$ to two decimal places;

for examples: $9\mathrm{.}26$ and $4\mathrm{.}26\%.$

Return on Total Assets $(4$ points$)$

Gross Profit Margin $(2$ points$)$

Current Ratio $(4$ points$)$

Debt to Total Asset $(1$ point$)$

Time Interest Earned Ratio $(2$ points$)$

Dividend Yield $(3$ points$)$