The following is an abbreviated balance sheet for Grizzly Grocers:
Grizzly Grocers Ltd.
Statement of Financial Position
As at December 31, 2010

The company had net earnings of $20,000 on sales of $180,000.
Required:
a. Calculate Grizzly Grocers' current ratio.
b. Calculate the company's debt to equity ratio.
c. Calculate the company's working capital.
d. Calculate the company's net profit margin.
e. Assuming that you have just learned that a credit sale ot $10,000 that was included in the sales amount actually occurred three days after the end ot the fiscal year, revise the statement of financial position and sales amount to correct this error. Recalculate the ratios in parts "a" to "d."

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Grizly Grocers Ltd. Statement of Financial Position As at December 31, 2010 Assets Liabilities and Equities Cash Accounts receivable Inventory Land Building and equipment Total assets s 9,500 1,800 25,000 12,000 31.700 S 8,600 Accounts payable 15,500 Sh-term note payable 10,900 ortgage payable 15,000 30,000 Share capital Retained earnings Total liabilities and equity $80,000 $80,000