Question: Please help with this question? Thanks 72 48 209 % #| Pl ] 1895150** 098*** *** F| 6 6 8 3 -0- 24 312 el
Please help with this question? Thanks

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72 48 209 % #| Pl ] 1895150** 098*** *** F| 6 6 8 3 -0- 24 312 el Nero Corporation Balance Sheet Nero Corporation At December 31 Income Statement For the Years Ended Assets 2021 2020 2019 2021 2020 2019 Sales Current $252 $144 $120 Cost of goods sold 189 96 66 Cash $ 24 $ -0 $ -- Gross profit 63 48 54 Accounts receivable 45 45 44 Selling and administrative 37 34 30 Inventory 36 Income from operations 26 14 24 Prepaid expenses 3 3 Interest expense 144 96 84 Income before income taxes 20 Non-current Income taxes Property, plant, and equipment, net 180 91 Net income $ 12 Total assets $456 $276 $175 The following additional information is available: Liabilities and Stockholders' Equity a. All sales are on credit, credit terms are net 60 days after invoice date. b. Twenty shares of common stock were outstanding in years 2019 and 2020. On Current April 1, 2021, an additional 30 shares of common stock were issued for $144 Accounts payable $ 54 $ 72 $ 40 cash in total. Provisions 30 24 20 c. The accounts receivable balance at January 1, 2019 was $19. Non-current bonds payable, 4% d. The inventory balance at January 1, 2019 was $24. 96 60 -0- e. The net capital assets balance at January 1, 2019 was $91. 180 156 60 f. The total assets balance at January 1, 2019 was $165. Common stock 240 96 96 & The total stockholders' equity balance at January 1, 2019 was $101. Retained earnings 36 19 h. Dividends of $8 were declared in 2019. No dividends were declared in 2020 Total liab. and stockholders' equity $276 $175 and 2021. Interest has been paid on the bonds each year and is included in interest expense. Required: 1. From the above information, calculate the following for each of the three years: a. Liquidity Current ratio Acid-test ratio Accounts receivable collection period Number of days of sales in inventory Revenue operating cycle b. Profitability Gross profit ratio Net profit ratio Return on total assets Return on stockholders' equity c. Leverage Debt to stockholders' equity ratio Times interest earned d. Market measures Earnings per share 2. What conclusions can be drawn? * ***** | 24 $456 1 Show your work when possible Ratio Analysis Liquidity 2019 2020 2021 Current ratio Acid-test ratio Accounts Receivable Collections Period Number of Days Sales in Inventory Revenue Operating Cycle Profitability Gross Profit ratio Net Profit ratio Return on total assets Return on Stockholders' equity Leverage Debt to Stockholders' equity ratio Times Interest Earned Market Measures Earnings per Share 2
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