.Trial Balance as of December 31, 2021
Accounts Payable 3.500
Accounts receivable 5.000
Accrued salaries 1.000
Accumulated Depreciation 4.000
Bank Borrowings (due on May 31, 2022) 4.000
Calculate following ratios (show your calculation)
a. Profit margin
b. Current ratio
c. Receivable turnover (accounts receivable as of 31.12.2019 is $7,000)
d. Inventory turnover (inventory as of 31.12.2019 is $3,000)
