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29. The following financial statement information is available for Buil Corporation: 2020 2019 Inventory $...

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Accounting

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29. The following financial statement information is available for Buil Corporation: 2020 2019 Inventory $ 44,000 $ 43,000 Current assets 80,000 106,000 Total assets 432,000 358,000 Current liabilities 25,000 36,000 Total liabilities 102,000 88,000 30. The current ratio for 2020 is a. .31:1. b. 3.2:1. C. 1.5:1. d. 4.24:1. The following financial statement information is available for James Corporation: 2020 2019 Net sales $780,000 $697,000 Cost of goods sold 406,000 377,000 Net income 120,000 80,000 Tax expense 48,000 29,000 Interest expense 14,000 14,000 The profit margin ratio for 2020 is a. 15.4% b. 47.9% C. 32.1%. d. 13.5%

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