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E D 3 3 The following are the comparative financial statements for Osmo Corporation for 2020 and 2019: OSMO CORPORATION 5 Comparative Statement of Incomes 6 7 For Periods Ending October 31 8 9 2020 10 Sales Revenue (all sales on credit) 3,421,866 11 Cost of Goods Sold (all purchases on credit) 1,472 906 12 Gross Profit 1,948,960 2019 3,149,705 1,485,322 1,664,383 13 Expenses 14 Depreciation 15 Seling and Administrative 16 Interest Expense 17 Total Expenses 18 Net Income before taxes) 19 Income Tours 20 Net Income 185,713 1,188,564 20,527 1,394,804 554,156 166,247 184,549 1,236,476 22,049 1,443,074 221,309 21 387,909 66,393 = Cove Sest Question 1 Depreciation Question 2 Shareholders Equity Question 3 Ratio Analysis Question 4 Multiple Choice + 154,916 OSMO CORPOR Comparative Statement of Financial Positions As at October 31 25 2019 2020 3 kasets 30 Content Assets 31 Cash 31 Marketable Securities 33 Accounts Receivable 597,416 86,000 185,000 61,000 929,416 55,000 64,908 42,000 165,000 45,000 316,908 65,000 hetoni 35 Total Current Assets vestments at 005) 37 Property, plant and equipment 33 Properti Plant and Equipment 33 687,909 872,758 es ketumdated Depreciation 187,500 4 P, 500409 41 Ganowil 5,500 1490326 1,080,166 Some Question proton Question 2 Sardeurs Equity Question 3 Ratio Analysis Question 4 Multiple Choice + 180,000 692,758 5500 692,758 19 B A 500,409 5,500 1,490 326 5,500 1,080,166 40 PPE, net 41 Goodwill 42 Total Assets 43 Liabilities and Shareholders Equity 4 Current Liabilities: 125,000 35,000 145,000 120,000 22,000 135,000 277,000 305,000 45 Accounts Payable 46 Notes Payable 47 Other Liabilities 48 Total Current liabilities 49 Non-current Liablities: 50 Bonds and Notes Payable 51 Total Liabilities 72,500 377 500 78,250 355,250 52 Shareholders Equity 53 Common shares 54 Contributed Surplus 55 Retained Earnings 56 Total Shareholders' Equity 57 Total Liabilities and Shareholders Equity 58 15,000 55,000 1,042,826 1,112,826 1,490,326 15,000 55,000 654,916 724,916 1,080, 166 = Bore Set Question 1 Depreciation Question 2 Shareholders Equity Question 3 Radio Analysis Required: Calculate the following ratios. Determine if the company is doing better in 2020 compared to 2019 for selected ratios noted below. 2020 2019 Analysis Current Ratio Quick Ratio Accounts Receivable Turnover Average Collection Period Inventory Turnover Days to sell Inventory Accounts Payable Turnover Accounts Payable Payment Period Gross Profit Margin Percentage Net Profit Margin Return on Assets Return on Equity Critical Thinking 1 G Critical Thinking: Comment on the financial performance of Osmo Corp. in terms of: a Liquidity b. Activity c. Profitability Core Set Questo proton Question 2 Swedious Eauty

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