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Accounting

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Compute the liquidity and profitability ratios of Wildhorse Company for 2021 and 2022. (Round Curent ratio, Asset turnover and Earnings per share to 2 decimal places, es. 15.50 and round all other answers to 1 decimal place, eg. 15.5. Round \% change to 0 decimal places, for eg. 1% and if % change is a decrease show the numbers as negative, eg. 1% or (1%).) Additional information: 1. Inventory at the beginning of 2021 was $117,000. 2. Accounts receivable (net) at the beginning of 2021 were $90,000. 3. Total assets at the beginning of 2021 were $634,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31,2022, and (2) as of December 31,2023, after giving effect to the situation. (Round Debt to assets ratio to 0 decimal places, e.g. 15 and round all other answers to 1 decimal place, e.g. 15.5. Round \% change to 0 decimal places, for e.g. 1% and if % change is a decrease show the numbers as negative, eg. 1% or (1\%).) eTextbook and Media Attempts: 2 of 5 used WILDHORSE COMPANY Balance Sheets December 31

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