Question: please round and answer asap (Ratio analysis over time) The following information comes from the accounting records of Hercep Ltd. for the first three years


please round and answer asap
(Ratio analysis over time) The following information comes from the accounting records of Hercep Ltd. for the first three years of its existence: 2018 2019 2020 Statement of Financial Position Assets $23,700 67,700 $20,000 55,500 Cash Accounts receivable Inventory Capital assets (net) Other assets 113,000 424,000 230,000 140,000 467,000 206,000 $27,400 146,000 231,000 484,000 267,700 $1,156,100 $858,400 $888,500 $110,000 Liabilities and equity Accounts payable Long-term debt Common shares Retained earnings 192,000 511,000 45,400 $858,400 $55,000 242,000 511,000 80,500 $888,500 $110,000 484,000 511,000 51,100 $1,156,100 Statement of Earnings Sales Cost of goods sold Other expenses $625,000 (387,500) (167,000) 70,500 (21,150) $49,350 $835,000 (559,450) (239,000) 36,550 (10,965) $25,585 $915,000 (640,500) (237,000) 37,500 (11,250) $26,250 Income tax Net income | Based on above information, analyze the changes in the company's profitability and liquidity, in addition to the management of accounts receivable and inventory from 2018 to 2020. (Round answers to 1 decimal place, e.g. 13.5% or 13.5.) 2018 2019 2020 Sales 100 % 100 % 100 % Cost of goods sold % % % Gross margin % % % Other expenses % % % Income taxes % % % Net income % % % 2018 2019 202 Current Ratio :1 :1 Quick Ratio :1 :1 A/R Turnover times times Average Collection Period days days Inventory Turnover times times Days to Sell Inventory days days Based on the above information, analyze the company's use of leverage from 2018 to 2020. (Round answers to 1 decimal place, e.g. 15.1%.) 2018 2019 2020 Debt to Equity 54.3 % 50.2 % 105.7 % Return on Assets 5.7 % 2.5 % 2.3 % Return on Equity % % % e Textbook and Media
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