Question: Some recent financial statements for Mathison, Inc., follow. MATHISON, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities


Some recent financial statements for Mathison, Inc., follow. MATHISON, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 5,298 $. 5,827 Accounts payable $ 3,754 $ 5,986 Accounts receivable 7,707 9,477 Notes payable 2,045 3,055 Inventory 12.150 22.956 Other 152 179 Total $ 25,155 $ 38,260 Total $ 5,951 $ 9,220 Long-term debt $ 22,700 $ 19,000 Owners' equity Common stock and paid-in surplus $ 43,000 $ 43,000 Accumulated retained Fixed assets 28,805 47189 earnings Net plant and equipment $ 75,301 $ 80,149 Total $ 71,805 $ 90,189 Total assets $100,456 $ 118,409 Total liabilities and owners! equity $100,456 $ 118,409 MATHISON, INC. 2019 Income Statement Sales $ 249,854 Cost of goods 204,317 sold Depreciation 8,730 $ EBIT Interest paid 36,807 2,811 Taxable income Taxes ta $ 33,996 7,139 Net income ta 26,857 $ 8,473 Dividends Retained earnings 18,384 Find the following financial ratios for Mathison, Inc. (use year-end figures rather than average values where appropriate): (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin, return on assets, and return on equity as a percent.) 2018 2019 times times times times times times times times times Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios d. Total asset turnover e Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio 1. Equity multiplier 1. Times interest earned ratio k. Cash coverage ratio Profitability ratios 1. Profit margin m. Return on assets n. Return on equity times times times times times % % %
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