Extracted text: The following data represent selected information from the comparative Income Statement and Balance Sheet for Starla Company for the years ended December 31,2019 and 2020: 2020 201 9 Net Sales (all on Credit) Cost of Goods Sold Gross Profit Income from operations Interest Expense Net Income Cash Accounts receivable, net Inventory Prepaid Expenses Total Current Assets Total Noncurrent Assets Total Current Liabilities Total Noncurrent Liabilities Ordinary Share capital,no-par* Retained earnings P370,000 160,000 210,000 95,000 8,000 70,000 10,000 30,000 43,000 5,000 88,000 112,000 70,000 40,000 60,000 30,000 P333,000 150,000 183,000 87,000 8,000 57,000 14,000 25,000 40,000 7,000 86,000 104,000 60,000 45,000 60,000 25,000 *Note:10,000 ordinary shares have been issued and outstanding since the company was established. They had a market value of P90 per share at 12/31/19 and they were selling for P91.50 per share at P91.50 per share at 12/31/2020.
Extracted text: Required: Compute the following ratios for 2020: 1. Current Ratio 2. Quick Ratio 3. Receivable Turnover 4. Average Collection Period 5. Inventory Turnover 6. Average Sales Period 7. Working Capital 8. Debt Ratio 9. Equity Ratio 10. Debt to Equity Ratio 11. Time Interest Earned 12. Gross Profit Ratio 13. Operating Profit Margin 14. Net Profit Margin 15. Return on Assets