1 The financial statements of Mountainview Employment Services, Inc., reported the following accounts: Click the icon to view the list of accounts.) (Click the icon to view the statement of stockholders' equity.) Read the requirements. Calculate the following for Mountainview Employment Services: a. Net income Mountainview's net income is Data table $ Paid-in capital in excess of par Notes Payable (short-term) Common stock, $0.01 par 200,000 shares issued Long-term debt 336,000 Total revenues 56,000 Accounts payable Retained earnings 2,000 Other current liabilities 20,000 Total expenses $ 1,780,000 280,000 670,000 240,000 1,080,000 Requirements Using only year-end figures rather than averages, calculate the following for Mountainview: a. Net income b. Total liabilities c. Total assets (use the accounting equation) d. Net profit margin ratio e. Asset turnover f. Leverage ratio g. Return on equity What additional information do you need before you can use this data to make decisions? $ 0.01 par, 200,000 shares issued $ Balance Sheet (Partial) Stockholders' Equity Common stock, Paid-in capital in excess of par Total paid-in capital Retained earnings 2,000 336,000 338,000 670,000 1,008,000 $ Total stockholders' equity Net income has already been closed to Retained Earnings