1. Listed below are the account balances for UBUS, Inc. The income statement balances are for the year, 20X4. The balance sheet balances are shown as of 1/1/20X4 and 12/31/20X4. They are listed in alphabetical order, NOT in the order they appear on the statements themselves. The applicable tax rate is 40%. You are to use this information to answer the following SEVEN questions (6-a through 6-g). Income Statement for 20X4 Cost of Goods Sold 330 Depreciation Expense 35 Interest Expense 20 Operating Expense (excluding depreciation) 115 Sales 600 Tax Expense ??? Balance Sheet 1/1/20X4|12/31/20X4 Accounts Payable 35 30 Accounts Receivable 65 75 Accruals 30 35 Accumulated Depreciation (175) (210) Cash 35 45 Common Stock 120 120 Fixed Assets (gross) 390 440 Inventory 135 150 Long Term Debt 200 200 Retained Earnings 65 115 e) What is UBUS Inc.'s Return on Assets (ROA) for 20X4? a. Less than 12.0% b. From 12.0% -12.5% c. From 12.6% - 13.0% d. From 13.1% - 13.5% e. More than 13.5% f) What is UBUS Inc.'s Return on Sales (profit margin) for 20X4? a. Less than 9.0% b. From 9.0% - 11.0% c. From 11.1% - 13.0% d. From 13.1% - 15.0% e. More than 15% g) What is UBUS Inc.'s Debt Ratio as of 12/31/20X4? a. Less than 43.0% b. From 43.0% - 46.0% c. From 46.1% - 49.0% d. From 49.1 - 52.0% e. More than 52.0%