Selected formation from the 2020 and 2027 incat ofer Ratia Copons...
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Selected formation from the 2020 and 2027 incat ofer Ratia Copons presented to low As of December 31 2020 $35.000 2021 $21.000 27,000 60,000 105,000 Marketable securities (current) Accounts receivable (et) Inventory Prepaid expenses Land and building (net) Accounts payable Accrued expenses Notes payable (short-term) Bonds payable (due in three years) 22.000 98,000 142,000 3,000 315.000 5.000 247.000 57,000 10,000 75,000 14,000 4,000 66,000 8,000 52,000 As of December 31 2021 2020 $750,000 8296 $675,000 85% Cash sales Credit sales (percent of cash sales) Cost of goods sold (percent of total sales) Net income 58% 60% $30,000 6,000 Interest expense income tax expense $38,000 9,000 7,000 6,000 Compute the following ratios for Super Ratio Corporation as of December 31, 2021. Round your answers to two decimal places. 1. Current ratio 2. Accounts receivable turnover 3. Inventory turnover 4. Asset turnover 5. Times interest earned
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