$17.90 Stock Price per share on December 31 $20.35 The debit to asset ratio for 2019 would be closest to 8.75% 78% O 127% 48% 224% Question 60 (1.5 points) The net profit margin percentage for 2019 would be closest to: 7.1% 36.4% 19.4% 3.4% Matisse Co Income Statement For the years ended 2019 and 2018 2019 2018 Net Sales Revenue Cost of Sales Gross Profit $49,000 31.150 17,850 $48,283 31.55.6 16,727 12,000 Operating Expenses Interest Expense Income Tax Expense Total Expenses 12,615 575 1.200 14,390 900 13.095 Net Income $3,460 $3,632 Matisse Company Balance Sheet On December 31, 2019 and 2018 2019 2018 ASSETS Current Assets $281 249 2.000 Short Term Investments Accounts Receivable Inventories Other Current Assets Total Current Assets $1.245 1,410 4,000 6,210 1.500 $14,865 7611 545 $10,686 Long Term Assets Property and Equipment Building Total Long Term Assets 525.735 100.000 $125,735 $22.183 100,000 $122.183 Total Assets $140,600 $132,869 LIABILITIES AND STOCKHOLDER'S EQUITY Current Liabilities Long Term Liabilities Total Liabilities $16.899 93.200 110,099 $11,000 95.000 106,000 1.500 1,500 Common Stock (1,500 shares issued and out Standing 2018 & 2019) Additional Paid in Capital. Common Stock Retained Earnings 10,000 $19.001 10,000 $15.369 Total Stockholder's Equity 30,501 26,869 Total Liabilities and Stockholders' Equity $140,600 $132,869 Stock Price per share on December 31 $20.35 $17.90