Give me the answer in a clear organized table please. Thank you! Ayayai Corporation's comparative balance sheets are presented below.AYAYAI CORPORATIONBalance SheetsDecember 3120222021Cash$12,800$6,400Accounts receivable18,70026,900Inventory13,50010,500Land34,50030,500Building76,50076,500Accumulated depreciation(17,500)(14,500)Total138,500136,300Accounts payable19,80033,600Common stock ($5 par)75,10075,100Retained earnings43,60027,600Total138,500136,300Ayayai's 2022 income statement included net sales of $125,000, cost of goods sold of $85,000, and net income of $32,500.Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and daysanswers to O decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83. Use 365 days forcalculation.)(a)Current ratio(b)Accounts receivables turnoverAverage collection period(c)Inventory turnoverDays in inventory(d)Profit margin(e)Asset turnover(f)Return on assets(g)Return on common stockholders' equity(h)Earnings per share(i)Payout ratio(j)Debt to total assets ratio$daysdays%%do%%%

Step 1:Current Ratio is calculated to check the liquidity position of the company in short run. it…

Answered: Ayayai Corporation's comparative…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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