Net sales Cost of goods sold Gross margin Operating expenses Net income XYZ Company Comparative Income...

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Net sales Cost of goods sold Gross margin Operating expenses Net income XYZ Company Comparative Income Statements For Years Ended December 31 Current Year One Year Ago $ 278,000 244,000 $ 312,000 142,000 170,000 111,000 $ 59,000 34,000 14,000 $ 20,000 Cash Accounts receivable, net Merchandise inventory Plant assets, net Total assets Current liabilities Long-term liabilities Common stock Retained earnings Two Years Ago Three Years Ago $ 242,000 $ 171,000 XYZ Company Comparative Balance Sheets For Years Ended December 31 157,000 85,000 34,000 $ 51,000 145,000 26,000 10,000 $ 16,000 Current Year One Year Ago Two Years Ago $ 50,000 87,000 22,000 110,000 $ 1,000 78,000 $ 22,000 68,000 Three Years Ago $ 6,000 48,000 61,000 110,000 24,000 36,000 90,000 70,000 $ 269,000 $ 250,000 $ 204,000 $ 160,000 $ 43,000 60,000 20,000 146,000 $ 73,000 70,000 20,000 87,000 $ 47,000 $ 44,000 70,000 80,000 20,000 20,000 67,000 16,000 $ 269,000 $ 250,000 $ 204,000 $ 160,000 Total liabilities and equity Required: Using the above information, compute the following: Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Total asset turnover Debt ratio Equity ratio Debt-to-equity ratio Profit margin ratio Gross margin ratio Return on total assets Net sales Cost of goods sold Gross margin Operating expenses Net income XYZ Company Comparative Income Statements For Years Ended December 31 Current Year One Year Ago $ 278,000 244,000 $ 312,000 142,000 170,000 111,000 $ 59,000 34,000 14,000 $ 20,000 Cash Accounts receivable, net Merchandise inventory Plant assets, net Total assets Current liabilities Long-term liabilities Common stock Retained earnings Two Years Ago Three Years Ago $ 242,000 $ 171,000 XYZ Company Comparative Balance Sheets For Years Ended December 31 157,000 85,000 34,000 $ 51,000 145,000 26,000 10,000 $ 16,000 Current Year One Year Ago Two Years Ago $ 50,000 87,000 22,000 110,000 $ 1,000 78,000 $ 22,000 68,000 Three Years Ago $ 6,000 48,000 61,000 110,000 24,000 36,000 90,000 70,000 $ 269,000 $ 250,000 $ 204,000 $ 160,000 $ 43,000 60,000 20,000 146,000 $ 73,000 70,000 20,000 87,000 $ 47,000 $ 44,000 70,000 80,000 20,000 20,000 67,000 16,000 $ 269,000 $ 250,000 $ 204,000 $ 160,000 Total liabilities and equity Required: Using the above information, compute the following: Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Total asset turnover Debt ratio Equity ratio Debt-to-equity ratio Profit margin ratio Gross margin ratio Return on total assets