12% Net income as a percentage of net sales 16% Other information Marketable securities are sold within three months. The outstanding Common Stocks for 2019 and 2018 were 185,000 and 215,000 respectively. The Company Common Stock market price is $26.00 The Note payable is due in 18 months The Company uses 360 days as the days in a year, and The Company tax rate is 35% Compute: Round up to two decimal places. Quick Ratio for 2019 The net sale for 2019 Working Capital for 2019 The Cost of Goods Sold in dollars and as a percentage of net sales for 2019 Debt ratio for 2019 Return on asset 2019 The 2019 component percentage/Common size for Inventory, Note Payable and Operating Expenses Trend percentage: Dividend; Unearned Medical Fee and Medical Equipment Price Equity Ratio (PE Ratio) Average number of days to convert Accounting Receivable to cash in 2019 Credit 12,000.00 48,000.00 580,000.00 MOVE BACK BUSTER INC accounting Information 2019 2018 Debit Credit Debit Accounts payable 16,000.00 Accounts Receivable 20,500.00 21,000.00 Accumulated Depreciation Medical Equipment 48,000.00 Capital Stock (common stock outstanding) 640,000.00 Cash 189,000.00 252,200.00 Dividends 32,000.00 34,000.00 Income Tax Payable 17,700.00 Inventory 260,000.00 260,000.00 Marketable security 444,200.00 190,000.00 Medical Equipment 547,000.00 355,000.00 Notes Payable 208,000.00 Office Supplies 32,000.00 40,800.00 Prepaid Rent 70,000.00 100,000.00 Retained Earnings 540,250.00 Unearned Medical Fees 124,750.00 TOTAL 1,594,700.00 1,594,700.00 1,253,000.00 12,000.00 180,000.00 231,280.00 189,720.00 1,253,000.00 2019 2018 170,000 780,000 Gross Profit on sales Income before income tax Net income 72,250 68,000 590,000 420,200