Question: Please solve this ASAP. Required information MEGAFRAME COMPUTER COMPANY Balance Sheet As at December 31, 20X5 ASSETS Cash $40,000 Accounts receivable 60,000 Inventory 90,000 New

 Please solve this ASAP. Required information MEGAFRAME COMPUTER COMPANY Balance SheetAs at December 31, 20X5 ASSETS Cash $40,000 Accounts receivable 60,000 Inventory90,000 New plant and equipment 220,000 Total Assets $410,000 LIABILITIES AND SHAREHOLDERS'EQUITY Accounts payable $60,000 Accrued expenses 40,000 Long-term debt 130,000 Common stock80,000 Retained earnings 100,000 Total Liabilities and Shareholders' $410,000 Equity MEGAFRAME COMPUTER

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COMPANY Income Statement For the year ended December 31, 20X5 Sales (allon credit) $700,000 Cost of goods sold 400,000 Gross profit 300,000 Sellingand administrative expense 100,000 Operating profit 200,000 Interest expense 40,000 Net incomebefore taxes 160,000 Taxes (50%) 80.000 Net income 80,000What is Megaframe Computer'stotal asset turnover? Multiple Choice O 3.68x. O 3.18x. O 2.00x. O1.71x.Compute Megaframe's after tax profit margin. Multiple Choice O 10.0% O 14.29%

Required information MEGAFRAME COMPUTER COMPANY Balance Sheet As at December 31, 20X5 ASSETS Cash $40,000 Accounts receivable 60,000 Inventory 90,000 New plant and equipment 220,000 Total Assets $410,000 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $60,000 Accrued expenses 40,000 Long-term debt 130,000 Common stock 80,000 Retained earnings 100,000 Total Liabilities and Shareholders' $410,000 Equity MEGAFRAME COMPUTER COMPANY Income Statement For the year ended December 31, 20X5 Sales (all on credit) $700,000 Cost of goods sold 400,000 Gross profit 300,000 Selling and administrative expense 100,000 Operating profit 200,000 Interest expense 40,000 Net income before taxes 160,000 Taxes (50%) 80.000 Net income 80,000What is Megaframe Computer's total asset turnover? Multiple Choice O 3.68x. O 3.18x. O 2.00x. O 1.71x.Compute Megaframe's after tax profit margin. Multiple Choice O 10.0% O 14.29% O 11.43% O 46.34%Megaframe's return on equity is: Multiple Choice O 44.44%. O 80.00%. O 50.05%. O 100.0%.Megaframe's current ratio is: Multiple Choice O 1.9:1. O 0.6:1. O 1:1. O 0.86:1Megaframe's quick ratio is: Multiple Choice O 1:1. O 1:2. O 1.6:1. O 3:1

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