3

3. Calculate the asset turnover ratio for 2019. SUCHS 1.0, 4. De Use the following financial statements for Questions 1 - 9 INCOME STATEMENT Sales Cost of Goods Sold 2012 2,510,000 2015.000 495,000 101.000 Gross Margin Depreciation Other Selling. Gen. & Admin. Farnings before interest and taxes 72.000 322,000 41.000 Interest expense Income before taxes Taxes 281.000 112.000 169.000 Net income 67,600 Dividends BALANCE SHEET Cash Accounts Receivable Inventories 2019 55.000 128.000 196,000 56.000 435.000 1.326,000 1.761.000 Prepaid Expenses Current Assets Fixed Assets Total Assets Accounts Payable 178,000 141.000 319.000 Accrued Liabilities Current Liabilities 759.000 Long-Term Debt 190,000 Common Stock 493.000 Retained Earnings Stockholders' Equity 683.000 1.761.009 Total Liabilities and Equity