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

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 $ 22,700 $ 19,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 43,000 $ 43,000 28,805 47,189 Fixed assets 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 33,996 7,139 Net income $ 26,857 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 Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio times times times times times Asset utilization ratios times times times times d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios 9. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k Cash coverage ratio Profitability ratios 1. Profit margin m. Return on assets times times times times % % n. Return on equity %

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