Statement of Financial Position as of December 31, 2020 Cash = 100 Accounts Receivable = 770 Inventory

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Question:

Statement of Financial Position as of December 31, 2020

Cash = 100

Accounts Receivable = 770

Inventory = 310

Fixed Assets Net of Depreciation = 875

Total Assets = 2,055

Accounts Payable = 665

Notes Payable = 700

Total Liabilities = 1,365

Share Capital (150 Common Shares, 200 Market Price per Share) = 450

Retained Earnings = 240

Total Equity = 690

Total Liabilities and Equity = 2,055

Extracts from Year's Statement of Income:

Sales for the year = 3,100

Gross Profit = 1,725

Expenses = 805

Depreciation = 250

Direction: Compute for the following:

Gross Profit Margin
Net Profit Margin
Return on Total Assets
Quick Ratio
Average Collection Period
Accounts Receivable Turnover
Inventory Turnover
Fixed Assets Turnover
Current Ratio
Debt to Total Asset Ratio
Debt to Equity Ratio
Long term Debt to Equity Ratio
Total Asset Turn over
Earnings per share
Price earning ratio