31) V&M Industries gives the following information: 55,000 35,500 1,750 15,000 V&M Industries Balance Sheet 12/31/2018 Assets Cash Acccounts Receivable Office Supplies Prepaid Rent Equipment 120,000 Accum Depr- Equipment 48,000 Total Assets Liabilities Accounts Payable Income Taxes Payable Total Liabilities Stockholder's Equity Capital Stock Retained Earnings Total Stockholder's Equity Total Liabilities & Stockholder's Equity 72,000 177.250 17,500 6,500 24,000 75,000 78,250 153,250 177,250 $ $ Total Revenue for the year ended 12/31/2018 Total Expenses for the year ended 12/31/2018 Total Stockholder's Equity, January 1, 2018 Accounts Receivable, January 1, 2018 245,000 203,000 138,000 55,000 $ Compute the following: Net Income Percentage in 2018: Return on Equity in 2018: Working Capital on 12/31/2018: Current Ratio on 12/31/2018: Accounts Receivable Turnover