1. Given the profit loss (income statement) and balance sheet for Sam's Sandwich Delivery (Table 4-8), answer the following: a. 2. Calculate the following ratios: current, quick, accounts receivable turnover, fixed asset turnover. b. 3. Using the inventory figure on the balance sheet as average inventory, calculate the inventory turnover ratio. c. 4. Calculate the debt-to-equity ratio, debt-to-total asset ratio, and operating profit margin ratio.

Table 4-8 Financial Statements for Sam's Sandwich Delivery Prot Loss {Income Statement} for Six Months Ending 06-30-2013 Revenues Retail Sales Wholesale Sales Total Revenues Cost of Sales Gross Profit Total Operating Expenses Operating Profit Other lncomer'Expenses Interest Income Interest Expense Depreciation-Store Equipment Total Other lncomei'Expenses Net Profit $68,283 104 417 $172,700 52,067 $120,533 111 117 l $ 9,516 41 (651) (2921 902 8,614 Balance Sheet as of 06-30-2013 Assets Current Assets Change Fund Cash in Bank-Checking Cash in Bank-Savings Accounts Receivable Inventories Total Current Assets Fixed Assets Furniture and Fixtures Less: Aooum Depreciation Equipment Less: Aooum Depreciation Transportaon Equipment Less: Aooum Depreciation Total Fixed Assets Total Assets Current Liabilities Accounts Payable Trade Accrued Payroll Taxes Accrued Sales Taxes Total Current Liabilities Long-Term Liabilities Auto Loans Payable Total Long-Term Liabilities Total Liabilities Stockholder's Equity Common Stock Retained Earnings Net Profit:' Loss Total Equity $ 569 8,612 9,622 6,843 2,667 $28,253 4,298 4,110 186 68,293 67,725 568 31 , 168 11,571 19,597 20,351 $48,684 6,208 3,464 987 $10,659 18,626 m $29,285 83,081 (72,376) 8,614 19 319