The financial statements of Remco Distributors Inc. appear below: 
Additional information for 2020:
1. Cash dividends of $45,000 were declared and paid.
2. Average number of common shares was 60,000 shares.
3. Market value of common shares on December 31 was $20 per share.
Instructions
Using the financial statements and the additional information, calculate the following ratios for 2020:
a) Current ratio
b) Return on equity
c) Price/earnings ratio
d) Accounts Receivables turnover
e) Profit margin
Definitions:
Discomfort
A feeling of physical or emotional unease or discomfort, often leading to avoidance behavior or a desire for change.
Affiliation
The relationship or connection one has with a group, organization, or institution, often indicating a sense of belonging or mutual association.
Expectancy
The belief or anticipation that something will happen in the future, often influencing behavior towards achieving it.
Instrumentality
In motivation theory, the perceived relationship between performance and the attainment of certain outcomes, meaning one's belief that performing at a certain level will lead to desired rewards.
Q38: In a basket purchase, the total purchase
Q49: Which of the following is a reason
Q53: Reverse stock splits are also known as
Q67: Place the following steps involved in financial
Q85: Cash equivalents have a maturity date within
Q87: Liabilities are the result of events or
Q93: Activity ratios help an analyst assess the
Q114: A purchase invoice is a document that<br>A)
Q129: Which of the following accounts has a
Q248: Common Ground Corporation issued $8,000,000, 10-year bonds