2. Use the income statement and balance sheet you created in question 1 to calculate for 2019: Cash flow from assets Current Ratio Quick Ratio Return on Equity Profit Margin (in %) Total Asset Turnover Equity Multiplier INCOME STATEMENT 2018 Sales Cost of goods sold Gross Profit Other expenses Earning before interest, tax and Depreciation Depreciation expense Earning before interest and tax Interest expense Income before tax Tax expense (34%) Net Income 2019 50,920 17,508 33,412 4,164 29,248 7,308 21,940 3,416 18,524 6,298 12,226 56,916 20,712 36,204 3,624 32,580 7,640 24,940 4,076 20,864 7,094 13,770 BALANCE SHEET 2018 2019 26,696 35,348 62,844 124,888 223,908 348,796 28,452 41,484 67,268 137,204 238,800 376,004 Assets: Cash Accounts Receivable Inventory Total Current Assets Net fixed assets Total Assets Liabilities: Accounts Payable Short term notes payable Total current liabilities Long term debt Total Liabilities Equity Total Liabilities and Equity 19,288 5,152 24,440 89,408 113,848 234,948 348,796 20,432 5,048 25,480 108,396 133,876 242,128 376,004