1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 40 Slayer Inc. Year 2 Income Statement: Sales COGS Gross Margin Op. Expenses Op. Income Loss on Disposal Income Before Taxes Taxes Net Income Comparative Balance Sheets: Assets Cash A/R Inventory Prepaids Total Current Assets Long Term Investments Property, Plant & Equipment Accum. Depreciation Net Property, Plant & Equipment Total Assets Liabilities A/P Unearned Revenue Total Current Liabilities Long Term Note Payable Total Liabilities Equity $ 1,250,000 715,000 535,000 305,000 230,000 15,000 Common Stock Retained Earnings Total Owners' Equity Total Liabilities & Equity $ $ 215,000 65,000 150,000 $ Required: Year 2 40,000 205,000 225,000 25,000 495,000 25,000 435,000 (120,000) 315,000 835,000 145,000 20,000 165,000 140,000 305,000 370,000 160,000 530,000 835,000 i) Compute Current Ratio & Quick Ratio i) Compute the four Efficiency Ratios Compute the five Profiotabilty Ratios