Here are the comparative statements of Magic Johnson Company:

Additional information: The cash provided by operating activities for 1998 was \(\$ 190,800\).
\section*{Instructions}
Compute these values and ratios for 1998:

(a) Working capital

(e) Cash debt coverage ratio

(b) Current ratio

(f) Profit margin ratio

(c) Current cash debt coverage ratio (g) Return on assets ratio

(d) Debt to total assets ratio

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MAGIC JOHNSON COMPANY Income Statement For the Years Ended December 31 Net sales 1998 $1,818,500 1997 $1,750,500 Cost of goods sold 1,005,500 996,000 Gross profit 813,000 754,500 Selling and administrative expense 506,000 479,000 Income from operations 307,000 275,500 Other expenses and losses Interest expense 18,000 19,000 Income before income taxes Income tax expense Net income 289,000 256,500 86,700 77,000 $ 202,300 $ 179,500