3. Given the financial statements for Computer Corporation and Copy Machine Corp. shown below: a. Compute all 13 ratios for both companies from the text, pgs. 60-64. how all calculations. b. To which company would you, as a Credit Manager for a supplier, approve the extension of credit? Why? c. In which company would you buy stock? Why? d. As an industry analyst, what observations would you make for each company Computer Corporation Current Assets: Liabilities $75,000 $45,000 Acct. Payable Cash $7,500 Bonds $210,000 Marketable Securities Accounts Receivable $70,000 $75,000 inventory Long Term Assets: Stockholders' Equity $75,000 Fixed Assets $500,000 Common Stock Accumulated Depr. ($250,000 Paid in Capital $30,000 $250.000 Retained Earnings $57,500 Net Fixed assets Total Assets $447,500 Total S.E & Liabilities $447,500 Sales $1,250,000 Cost of Goods Sold 600,000 $650,000 Gross Profit SG&A expenses ($224,000) Depr. Expense $50,000 Operating Profit $376,000 $21,000 nterest Expense Earnings before taxes $355,000 $52,500 Tax expense $302.500 Net Income Notes *Use net fixed assets in computing fixed asset turnover. *SG&A includes $18,000 in lease payments