2 The following information was gathered from a company's balance sheet and income statement. 3 4 Current Previous 7 Inventory 5 Cash 6 Accounts receivable 8 Long-term assets $60,000 $50,000 $30,000 $35,000 $35,000 $45,000 $250,000 $160,000 9 Total assets $375,000 $290,000 10 11 Current Previous 12 Current liabilities $50,000 13 Long-term liabilities $70,000 14 Total liabilities $90,000 $80,000 $140,000 $150,000 $235,000 $140,000 15 Stockholders' equity 16 Total liabilities and equity 17 18 19 Net sales 20 Cost of goods sold 21 Operating expenses 22 Interest expense 23 Income tax expense 24 Net income 25 26 Stock price 27 Average shares outstanding 28 29 Required: $375,000 $290,000 Current $360,000 $170,000 $61,000 $12,000 $22,000 $95,000 $40.00 10000 30 Use the information above to calculate the financial ratios listed below. 31 After you complete column D, ratio values will auto-populate i (Use cells A2 to C27 from the given information abo 32 number "2" when calculating aver