Paste Painter A52 @, fx 5) The balance on selec 52 5. The balance on selected accounts is below 53 54 Income statement (CoA 55 Net sales 18,972 54,574 56 Cost of goods sold 11,624 36 744 57 Gross margin 7348 17,830 50 Operating expenses 4,822 12,163 59 Interest expense 540 2,720 50 61 02 63 Income before taxes 1,986 2,947 64 income tax 900 1200 55 66 Net income 1,086 1.747 67 68 69 70 71 72 Balance sheet (000 omitted) 73 Assets CO A 2011 Co A 2011 Co B 2018 COB-2019 74 Cash 252 1,029 75 ST Marketable securities 235 2.400 76 Acct Recevable 700 913 4000 5200 77 Inventory 2800 3,760 8,500 9,912 78 Prepaid expenses 145 313 79 intangibles 434 38,712 80 PPE (net) 10,685 1160 31 Total assets 15000 16,424 57 500 58,725 82 85 84 85 Liabilities Co A 2011 Co A 2011 Co B 2018 Co B-2019 36 Ace pay 1035 4684 ST IST Note payable 2000 4000 B Income tax payable 170 236 4,000 30.000 89 Bond payable 90 Common stock - 5 2 par 2000 3.495 10.867 91 Paid in capital 5939 92 Retained earning 5024 93 Total liability and equity 16 424 58/20 700 95a) Calculate for each company 4) inventory turnover 961) prepare current ratio 5) profit margin 972) quick ratio 6) assol turnover 3) receivable turnover est items in numerator and denominator 10. Which company is performing better K Final Sum=566303 Average-10487.0929) Count 100 Type here to search