Here are the comparative statements of Eric Clapton Company:

Additional information: The cash provided by operating activities for 2001 was $190,800.
Instructions Compute these values and ratios for 2001:

(a) Working capital.

(b) Current ratio.

(c) Current cash debt coverage ratio.

(d) Debt to total assets ratio.

(e) Cash debt coverage ratio.

(f) Profit margin ratio.
(g) Return on assets ratio.

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Net sales ERIC CLAPTON COMPANY Income Statement For the Years Ended December 31 Cost of goods sold Selling and administrative expense Interest expense Income tax expense Net income Assets Current assets Cash 2001 $2,218,500 2000 $2,100,500 1,005,500 996,000 906,000 879,000 98,000 79,000 86,700 77,000 $ 122,300 $ 69,500 ERIC CLAPTON COMPANY Balance Sheet December 31 Short-term investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets 2001 2000 $ 60,100 $ 64,200 54,000 50,000 207,800 102,800 123,000 115,500 444,900 332,500 625,300 440,300 $1,070,200 $772,800